ప్రభుత్వానికి ఎన్నిరకాలుగా ఆదాయం వస్తుంది? || Sources Of Government Revenue ||
Автор: Prof K Nageshwar
Загружено: 2021-01-31
Просмотров: 25870
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You can still enroll as a voter for MLC elections with this link: http://ceotserms2.telangana.gov.in/ML...
ప్రభుత్వానికి ఎన్నిరకాలుగా ఆదాయం వస్తుంది? || Sources Of Government Revenue ||
The government generates its revenue from taxes and several other non-tax revenue sources. Tax is one of the major sources of revenue for the government to carry out its work. Tax revenue can be classified into a few major categories — corporation tax, tax on income, Customs, Union excise duties, service tax, and several others.
Corporation tax is the biggest source of revenue for the government. Public and private companies registered under the Companies Act, 1956, are liable to pay corporation tax. Corporation tax is levied on the net income of the company. The collection, surcharge, cess and other receipts make up the huge chunk of the revenue.
Tax on income is the other source of income for the government. Tax is levied on salaried persons and they are categorised in several tax brackets with different tax rates. The tax on income includes collections, surcharges, Securities Transaction Tax (STT), and other such kinds of charges.
Wealth tax includes tax on real estate, tax on other kinds of wealth, and gift tax. The revenue generated by custom duties include import duties, basic duties, and duties levied on specific items. Cess on export and export duties also contribute to the same. The union excise duties levied on several items also contribute to the tax revenue.
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