Anonymous
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Why is income tax so important?

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Why is income tax so important?
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2 Answers

  1. Income tax is a major source of revenue collection for the government and the money collected is used to fund essentials such as health, education, defense, public affairs, infrastructures, etc.

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  2. Income tax is the most important source of revenue for the government of India. It is established to raise funds to fulfill the needs of country, most importantly toward development in the form of roads, railways, bridges, dams etc., public healthcare and education defence of the country. The funds are used in the general administration of the country

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