BAJAJ BROKING
Definition: Tax revenue simply refers to the income the government earns through payments from the public based on the latter’s earnings and consumption patterns.
To help with the overall development of the country and to provide its citizens with the basic facilities, the government needs funds. This is where taxes come into play. The government collects a percentage of the citizen’s revenue based on a predefined margin. This amount is the tax. This is then spent on the development of the country including on imports and infrastructural development etc. Examples: Income tax, Excise duty and so on. The tax revenue of a country takes place when its tax rate is applied to its tax base. Since the total tax revenue forms a percentage of the GDP, it also points to what quantity of the country's output is being collected by the government with the help of taxes. The tax revenue of a country can be considered as one of the many measures that aids the government in controlling the economy's resources.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory. For All Disclaimers Click Here.
Share this article:
Textile Sector in India
20 Sep, 2024 | 11 Min. read
Commodities Market Today | WTI Crude Rises 1.4%, Gold And Silver Prices Increase
20 Sep, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints At A Positive Opening For Indian Markets
20 Sep, 2024 | 4 Min. read
AU Small Finance Bank Partners With Niva Bupa Health Insurance
20 Sep, 2024 | 4 Min. read
Adani Group To Acquire 46.64% Stake in ITD Cementation India
20 Sep, 2024 | 4 Min. read
NTPC Approves ₹9,701 Crore Investment In Sipat Stage-III
20 Sep, 2024 | 4 Min. read
SEBI Bars Axis Capital From New Debt Segment Roles
20 Sep, 2024 | 4 Min. read
Gold Rate Today | Gold Rises 0.5%, Silver Increases 1.5%
20 Sep, 2024 | 2 Min. read
Hong Kong Cuts Interest Rates by 0.5% After Fed Eases
19 Sep, 2024 | 4 Min. read
NTPC Green Energy Files ₹10,000 Crore IPO Draft
19 Sep, 2024 | 4 Min. read
US Federal Reserve Cuts Interest Rates by 0.5%
19 Sep, 2024 | 4 Min. read
Margin in Leverage Trading: Definition, Working & Differences
19 Sep, 2024 | 4 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading