Income tax compliance in India: An empirical analysis
Description
Aggregate data are used to study determinants of income tax revenues and taxpayer compliance in India during 1965-1966 to 1992-1993. The estimates show that both revenues collected and compliance were significantly affected by tax structure (marginal tax rates and exemption limit). In addition, inflation as well as declining assessment intensity had a significant negative effect, while traditional enforcement tools (searches, penalties and prosecution activity) had only a limited effect. "Best practice" enforcement, assessment and tax structure policies could have yielded at most a 90% revenue increase, leaving India's income tax performance below the average of countries with similar GDP per capita. Thorough reform of tax administration is therefore needed to raise income tax collection in India to international standards.
Impact and interest:
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ID Code: | 228926 | ||
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Item Type: | Contribution to Journal (Journal Article) | ||
Refereed: | Yes | ||
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Measurements or Duration: | 14 pages | ||
DOI: | 10.1016/0305-750X(95)00098-W | ||
ISSN: | 0305-750X | ||
Pure ID: | 107108607 | ||
Copyright Owner: | 1995 Elsevier Science Ltd | ||
Copyright Statement: | This work is covered by copyright. Unless the document is being made available under a Creative Commons Licence, you must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a Creative Commons License (or other specified license) then refer to the Licence for details of permitted re-use. It is a condition of access that users recognise and abide by the legal requirements associated with these rights. If you believe that this work infringes copyright please provide details by email to qut.copyright@qut.edu.au | ||
Deposited On: | 22 Mar 2022 01:23 | ||
Last Modified: | 13 Mar 2024 15:55 |
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