Examples: stamp fee, driving license fee, government registration fee Difference between Tax and other Payments SUMMARY Direct Tax is a tax paid directly to the Union Government or to state or local governments, such as income tax and property tax. Income Tax is a tax paid by individuals and businesses based on earned and unearned income. Local Tax is a tax charged by a local government, such as a city or country. GLOSSARY Levied To impose taxes வரி விதிப்பு Fluctuation To change ஏற்்ற இறக்்கம் Defray Meet the expenses ெசலவை ஈடுகட்்ட Proponents Person who advocates theory ெகாள்்ககை ெமாழிேவார் Progressive Tax Happening or developing gradually or in stages வளர்வீத வரி Regressive Tax Taking a proportionally greater amount from those on lower incomes.
குறைவுவீத வரி Proportionate Tax (of a variable quantity) having a constant ratio to another quantity. ஒரேவீத வரி Evasion The action of evading something ஏய்ப்பு EXERCISE I Choose the correct answer . The three levels of governments in India are a) Union, state and local b) Union, state and village c) Union, municipality and panchayat d) None of the above . In India, taxes are including a) Direct taxes b) Indirect taxes.
c) Both (a) and (b) d) None of these . Which is the role of government and development policies? a) Defence b) Foreign policy c) Regulate the economy d) all of above - - . .
AM - - . . AM Government and Taxes (iv) It will unified the tax structure in India. a) (i) and (ii) are correct b) (ii), (iii) and (iv) are correct c) (i), (iii) and (iv) are correct d) All are correct IV Match the following .
Income Tax - Value added tax . Excise duty - July . VAT - Smuggling . GST - Direct tax .
Black money - Indirect tax V Give Short Answers . Define tax. . Why we pay tax to the government?
. What are the types of tax? Give examples. .
Write short note on Goods and Service Tax. . What is progressive tax? .
What is meant by black money? . What