How India – Our Government Treasury Gets Its Money…

How India - Our Government Treasury Gets Its Money...
Photo courtesy: Google

Different taxes and fees are critical and the main source for income or revenue for the central government.

So from where and how does it gets its money:

1) Income Taxes generates over 23% – of the countries 120+ crore population, only 2 crore returns are filed and around 1.5 crore pay any taxes of, but these are going up;

2) Corporates pay around 28% of the total taxes and this has gone down due to lowering of tax rates;

3) Customs duty brings in around 13%;

4) Excise duties bring in over 21%; and

5) Alcohol, Tobacco taxes and other duties bring in the rest.

So let us remember that paying taxes is really important to have a functional government and a country that is advancing in so many areas.

Source: The Hindu

Visit OR to read news from 500+ news sources... आपका अपना डिजिटल अख़बार |

  • 2 Feb 2018
  • WerIndia

Leave a Reply

Recommended for you

Your Opinion

In 1989-90, with Rajiv Gandhi as PM and Farooq Abdullah as CM, 400,000 Kashmiri Pandits, Sikhs & Others FACED GENOCIDE - were slaughtered or forced to leave Kashmir overnight. "The Kashmir Files" shows only a small part of this. Should a Kashmir Genocide Law be made and the atrocities be fully investigated?

View Results

Loading ... Loading ...

View Older Polls

आपकी राय

1989-90 में, राजीव गांधी के प्रधान मंत्री और फारूक अब्दुल्ला के मुख्यमंत्री के रूप में, 400,000 कश्मीरी पंडितों, सिखों और अन्य लोगों को नरसंहार का सामना करना पड़ा - या तो रातों-रात कश्मीर छोड़ने के लिए मजबूर होना पड़ा । "द कश्मीर फाइल्स" इसका एक छोटा सा हिस्सा ही दिखाता है। क्या कश्मीर में हुए नरसंहार पर कानून बनाया जाना चाहिए और अत्याचारों की पूरी जांच होनी चाहिए?

View Results

Loading ... Loading ...

View Older Polls