Definition of TAX in India
A TAX is a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure. The collected fund is then used to fund different public expenditure programs.
How many types of Tax are levied by the Indian government?
- Income Tax
- Property Tax
- Capital Gains Tax
- Corporate Tax
- Value Added Tax
- Wealth Tax
- Sales Tax
- Profession Tax
- Stamp Duty
- Entertainment Tax
- GST
- And the list goes ON.
According to the definition, TAX collects revenue for public works providing the best facilities and infrastructure.
There are so many taxes which generate huge revenue but where does the Indian Government use it? Let’s try to find out.
- Not On Basic facility Electricity – India facing “Record Power Shorage” , in our houses we spend money for use Invertors for electricity backup or Solar Panel’s, because electricity supply in Indian cities is very disturbing.
- Not On Basic facility Water – In India, water supply is a big issue because there are no sufficient resources to supply water. A large number of the population in India craves pure water/ drinking water. If you have money then spend it on Borewell/ Submersible.
- Not On Basic facility Education – In India, parents spend much money on their children to send them to Private schools because the education standard of Government schools is very very low.
- Not On Basic facility Medical – In India, the medical facilities in government hospitals are not enough and with too rushed and too dirty, so the maximum number of people are going to Private Hospitals.
- Not On Financial Emergency – We pay for Insurance according to our financial conditions/ needs.
Where the Indian government/ Indian State government use a huge Tax Revenue ? On a freebees? Let’s try to find out.
In India, the government spends most of its money on distributing free things. The tradition of distributing free things has started in India, some of the major ones are free electricity, free loans, free salary in bank account, free food grains (for more than 70% of the population), many subsidies which are distributed among the public in the name of poor people. And there is a very big list which is difficult to write in this blog.
We find that in India, the money of TAX payers is spent on Freebies rather than the development of the country, and any freebies scheme or any kind of subsidy is not for Taxpayers.