For decades, taxation has been the key source of revenue for governments all across the world, including India. The country has a well-structured tax system that employs both liberal and progressive taxation depending on income and other criteria, with the national and state governments determining the rates. Tax income is the money received by the government and can be used for a variety...
Running a country, particularly one with such a large population as India, is expensive. The government is able to carry out civic operations only from the taxes we pay. In other words, without taxes, the government would be unable to manage the country. One of the most important sources of revenue for the Indian government is income tax. If people begin to view income tax as a burden...
The Indian Constitution grants the government the right to levy taxes in accordance with the Indian tax system. Tax revenues from the citizens of India are collected by the government to finance public works projects and improve the country’s economic standing. In India, the tax system is divided into three levels: central, state and local government. The Indian tax system allows taxpayers...
