Magento - Adding tags and assign to a product from Admin Panel [Solved]

In Magento, we can add tags for a product using the steps below. 

1. Create a tag from here : Catalog->All Tags-> Add New Tag. 
2. After creating the tags, click on each tag. You’ll see a set of options to “Edit tag”. 
3. Go to the “Products tagged as administrator” tab, click on ‘Reset Filter” . You can see all the products by administrator(logined admin user) getting listed. 
4. Select the products to which you want to assign the tag and then click on “Save Tag”. 
5. Done - Now you can see the product has been assigned to the respective tag.
6. Simple as that.