How Todar Mal revenue settlement policy would help Akbar in handling financial matters?
Answers
As a Finance minister of Akbar
Raja Todar Mal, as finance minister of Akbar, introduced a new system of revenue known as zabt and a system of taxation called dahshala. He took a careful survey of crop yields and prices cultivated for a 10-year period 1570–1580. On this basis, tax was fixed on each crop in cash.
Answer:
During Akbar's reign, Raja Todar Mal served as the Mughal Empire's Finance Minister. Todarmal was Mughal Emperor Akbar's principal financial minister (Diwan-e-kul). Many land revenue reforms, such as land measurement reforms, the Dhasala system, and the Karoni system, were introduced by him.
Explanation:
Raja Todar Mal, as Akbar's finance minister, introduced a new revenue collection system known as the zabti system and the dahshala system, which was a taxing system. He conducted a thorough survey of crop yields and prices over a ten-year period using the technique. According to Akbar's Dahsala system, the average yield of various crops, as well as the average prices prevailing during the previous ten years, were determined, and one-third of the average produce was distributed to the state.
In fact, historians believe it was the most important form of appraisal during the Mughal Empire. This custom can be dated back to Sher Shah's reign. The system was altered several times during Akbar's rule before acquiring its final form. The system was only used in the Empire's principal provinces, which included Multan, Delhi, Allahabad, Awadh, Agra, and Lahore.