Taxation in India
Tax means a financial charge that imposed by Central and State government upon a taxpayer. In other words, taxes are the government’s way of earning via a amount of fee levied by the govt on a product, income or activity. The Indian government uses this tax amount for finance public expenditure such as street lighting and street cleaning.
Types of Taxes in our Country
a. Direct Tax
b. Indirect Tax
Apart from this, some other taxes are also available in our country. These all taxes are also imposed by the Indian Government, such as – Professional tax, Entertainment tax, Dividend Distribution Tax, Toll Tax, Municipal Tax, Stamp Duty, Education Cess and Swachh Bharat Cess.
