Question

Find out more about taxes that are collected at present. Are these in cash kind or labour services?

Answer 1

Taxes are the compulsory financial charges imposed on a person by its government. These taxes are imposed to run the the government. Presently, they are two types of taxes: 

(i) Direct Tax: This types of tax levied directly on the income and assets of a person, e.g:income tax, property tax etc. 

(ii) Indirect Tax: This type of tax is levied upon the person via the goods and services he uses.  e.g: sales tax, custom duty etc

Currently, taxes are completely monetary as compared to the ones in the past. They are only in cash form/kind. 

Answer 2

the taxes payed nowadays are in cash except for farmming sectors where if u are not avle to pay the loan u have to work on the money lenders field