Taxes in India

Meaning:

Lets start with the meaning of  "Tax". It is financial demand imposed on citizens by the government. 

Usage:

It's used for development as well as maintenance of the country. During the olden days,Kings would impose taxes on people in their kingdoms. It was thus a requirement for those in power. But it evolved from goods in Old days to currency in New world. 

Taxes In India:

For a developing country with a population of about 1.311 billion,taxes can be more than a financial demand but a formal plundering of money from people in India. When compared to China a developed country the facilities and assets provided to it's people are way out of league when compared to poor India. For the taxes they pay in China the people reap the benefits. Whereas in India many people try to conceal their money and properties to prevent excess taxes. Some live quite right but it's not a thing to notice by the government. So,This happens when a person wants to hit the goal of a particular limit which is limited by taxes. The person can be a part of the Government or a Politician, Businessman etc.  Banks have enough money to buy the country itself but they too have implemented taxes on various unnecessary regular bank operations. Also,we don't know where the money goes if thieves are caught by police or CBI. As a citizen we don't mind them like it's none of our business,wrong!

 

But a government employee can never hide income from the government which makes the person an individual who worked hard only to reach his daily basic needs. So the income for a government employee is quite equal to the income of a commoner who is also an illiterate when tax is deducted. This leads to Corruption. For instance lets take an example of traffic police, they stop you at any moment and demand money. Cause their income is very low they opt to such acts. And that is the reason why Indians can never develop because of the government.

Instead we see different types of taxes implemented by the Indian government day by day. Today we see "GST" a new way of plundering money from people of country. It has C.GST and S.GST aka divison among thieves.  The Middle class who pay most of taxes are most adversely affected by taxes in India rather than Poor and Rich.

Being an economist an idea like this that the Indian Government should balance it's economy not by imposing heavy taxes but controlling Inflation. But an act made recently for changing old currency to new ones is done only to hide a big scam by the government and it's allies. We are infact more adversly affected and plundered off wealth by the ruling government than the once ruled Britishers. According to Chinese economy the taxation played a minor role in its development since the Government income was derived from the ownership of private enterprises. Our govt. so far is based on corruption says it fights corruption by having it in its arms. Let us not be foolish and behave like barbaric tribe but see what is happening than what is heard or said.

Conclusion:

Indian Government must have ownership over parts of companies like Reliance,Tata, Birla and many other alike so that development can be achieved through income from these companies. But in India companies like that have more power than the Government itself. So India can never develop but stay in developing stage or crumble.       

More views about Tax 

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