why it is important to pay taxes?
Answers
Answer:
hi
Explanation:
Helps Build the Nation
The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.
Answer:
Here is your answer
Explanation:
Let us have a look at the importance of income tax in India-
1. Helps Build the Nation
The cost of running an entire country, especially one that is as large and populated as ours, is humongous. It is through the taxes we pay that the government can perform civil operations. In other words, without taxes, it would be impossible for the government to run the country.
Income tax is one of the biggest sources of income for the Indian government. If people start thinking that income tax is a burden and avoid paying the same, it will directly impact the growth of our nation and also result in social collapse.
2. Welfare Schemes
There are currently more than 50 union government schemes in India. From employment programs, subsidy on home loans, concession on cooking gas, to pension schemes, the government has launched several schemes to help all the different sectors of the society.
These schemes benefit millions of Indians and require crores of rupees to run successfully.
3. Improved Healthcare and Education
A significant chunk of the collected taxes is spent on improving healthcare in the country. There are government hospitals that offer medical services without any cost or at minimum cost. Over the years, the quality of service provided by government hospitals has improved by leaps and bounds, and it has only happened because of taxpayers paying tax.