Indian Tax Structure – An Analytical Perspective

International Journal of Management, 10 (3), 2019, pp. 36-43, DOI:10.34218/IJM.10.3.2019/004

8 Pages Posted: 21 Oct 2019

See all articles by S. M. Alagappan

S. M. Alagappan

Associate professor in Commerce, Arumugam Pillai Seethai Ammal College Tiruppattur, Sivagangai District - 630211

Date Written: October 10, 2019

Abstract

Tax payment is mandatory for every citizen of the country. Taxation is an instrumental tool to procure resources for the government to enable it to formulate policy schemes for the overall development of the economy. Income tax plays an important role as a source of revenue and an effective measure of removal of economic disparity. Different objectives of taxation, each one of them desirable by itself, can pull in different directions. The state should formulate a comprehensive and cohesive tax system which can balance the different objectives in view of its own requirements and goals. The present paper is an attempt to study the present tax structure in India and the recent reforms undertaken.

Keywords: Direct taxes, Indirect taxes, tax collections, revenue, savings, economy

Suggested Citation

Alagappan, S. M., Indian Tax Structure – An Analytical Perspective (October 10, 2019). International Journal of Management, 10 (3), 2019, pp. 36-43, DOI:10.34218/IJM.10.3.2019/004, Available at SSRN: https://ssrn.com/abstract=3467425

S. M. Alagappan (Contact Author)

Associate professor in Commerce, Arumugam Pillai Seethai Ammal College Tiruppattur, Sivagangai District - 630211 ( email )

Trichy
India

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