scholarly journals An Analysis of Trends and Patterns of Income Tax in India

2017 ◽  
Vol 4 (01) ◽  
Author(s):  
Amit Kumar Singh ◽  
Rohit Kumar Shrivastav ◽  
Lovleen Gupta
Keyword(s):  
Growth Rate ◽  
Emerging Economies ◽  
Income Tax ◽  
Standard Of Living ◽  
Tax Burden ◽  
Upward Trend ◽  
The Third ◽  
Increasing Trend ◽  
The Government ◽  
Tax Payers

Taxes always occupy an important and strategic place in the development of an economy specially the developing or emerging economies. The present paper analyses patterns and trends in income tax of India. The data shows that the overall tax burden in the financial year 2004-05 was 28.67% which means that only 71.33% was available to people for consumption. However, the total tax burden in the financial year 2015-16 dropped to 18.67% and the income available for consumption was 81.33%. The trend analysis of growth rate in the first slab shows increasing trend from financial year 2004-05 to financial year 2010-11 i.e., to the level of 3300%. Thereafter, it went on decreasing from 3300% to 3100% to the lower level of 2900% in the financial year 2015-16. The second tax slab for 20% is showing an upward trend. The third tax slab for 30% has seen a declining growth rate from the level of 7.4% to 62.96%. Therefore we can interpret that the government intends to reduce the tax liability of tax payer and thus improve the standard of living of tax payers by allowing them more disposable income.

scholarly journals ANALISIS TAX PLANNING UNTUK EFISIENSI PAJAK PENGHASILAN (PPh ) PASAL 21 PADA PT. TRINITY SUKSES

2019 ◽  
Vol 14 (4) ◽  
Author(s):  
Laura Sumual ◽  
Inggriani Elim ◽  
Sherly Pinatik
Keyword(s):  
Income Tax ◽  
Descriptive Study ◽  
Tax Planning ◽  
Corporate Income Tax ◽  
Director General ◽  
Tax Burden ◽  
Processing Data ◽  
Business Form ◽  
The Government ◽  
Tax Payers

Income tax is a tax collected on the tax object on his income. The purpose of the government that intends to maximize revenue from the tax sector is in fact contrary to the objectives of tax payers, where taxpayers try to streamline their tax burden so as to obtain greater profits in order to prosper their owners and continue the survival of their companies. Done by the company, one of which is by planning income tax especially Income Tax 21. The purpose of this study is to analyze the application of tax planning to corporate income tax, whether it is in accordance with the regulation of the Director General of Tax Number PER-31 /PJj / 2009 and Llaw no. 36 of 2008, and how the company utilizes tax regulations for planning taxes on corporate income tax. Objects that are subject to income tax are income from a person for work or business, agency or business form. This research is a descriptive study that compares and describes the state of an object of research in this case PT. Trinity sukses manado, by processing data and then comparing the results with the theory obtained. The results of this study are that the company has not carried out tax planning efficiently.

TAX PLANNING DENGAN PEMILIHAN BENTUK BADAN USAHA PADA PERUSAHAAN PERSEORANGAN

2014 ◽  
Vol 4 (2) ◽  
Author(s):  
Sri Andriani
Keyword(s):  
Decision Making ◽  
Income Tax ◽  
Tax Planning ◽  
Tax Burden ◽  
Taxable Income ◽  
Proper Form ◽  
Qualitative Descriptive ◽  
Business Entities ◽  
Tax Payers ◽  
Selection Of

<p>Tax Planning is one of the ways to minimize the tax burden within the company including in the selection of the proper form of business to run the company's business, namely with the mepertimbangkan of tariff revenue, a reduction in taxable income (PKP), the liability of income recognition, bookkeeping, tax collection obligations, and accountability of tax debt. Minimization of tax burden can be done in various ways, ranging from a still frame of the taxation to which break the rules of taxation.</p><p>Tax planning that has made the company especially with elections to form a business entity. This type of research is qualitative, descriptive. The results of this research indicate that cigarette companies do business entity forms of election to save taxes by choosing the form of individual business entities. The magnitude of the rate of income tax that will be payable every year between Individual Taxpayers with the tax payers the Agency is different, i.e. Individual Taxpayers using Taxpayer tariff progersif while the Agency using the fixed fee. Individual companies have had some keuntunngan among other things a faster decision making does not take into account the interests of many parties.<br /><br /><br /></p>

scholarly journals Structural Transformation of Economy in Special Region OF Yogyakarta

2017 ◽  
Vol 19 (3) ◽  
pp. 360
Author(s):  
Nur Feriyanto
Keyword(s):  
Growth Rate ◽  
Structural Transformation ◽  
Development Planning ◽  
Economic Transformation ◽  
Economic Sectors ◽  
The Third ◽  
The Government ◽  
The Impact ◽  
The Relationship ◽  
Special Region

The first aim of this study was to determine the relationship between the growth rate of GRDP and the growth rate of sectors’ labor absorption in Special Region of Yogyakarta. The second objective was using the Esteban Marquillas’ Shift-Share analysis to prove whether there has been a structural transformation of the economy in Special Region of Yogyakarta during 2009-2014. The third aim was to determine the impact of economic sectors’ growth in Indonesia on the growth of aggregate GRDP in Special Region of Yogyakarta.  Results of this study were: (1) There were three conditions used to observe the relationship between the growth rate of GRDP and the growth rate of labor absorption in Special Region of Yogyakarta namely anomalous; regressive; and progressive. (2) The use of Esteban Marquillas’ Shift-Share analysis showed that in the area of Special Region of Yogyakarta there had been a shift in the economic structure from the primary sector to the secondary and tertiary sectors. (3) The economic sectors’ growth in Indonesia could lead to the growth of aggregate GRDP in Special Region of Yogyakarta as much as 539.53 billion IDR. Suggestions offered by this research are as follows: (1) policy making by the government related to development has to pay attention to the relationship between economic growth and unemployment rate. (2) Government has to address the economic transformation from primary to tertiary sectors; especially for development planning; and (3) government needs to focus on economic development for the dominant sectors of economy in DIY province.

scholarly journals The Theoretical Aspects of the Functioning of the System of Personal Income Taxation

2020 ◽  
Vol 12 (515) ◽  
pp. 389-394
Author(s):  
H. P. H. P. ◽  
Keyword(s):  
Income Tax ◽  
The State ◽  
Personal Income ◽  
Income Taxation ◽  
Tax Burden ◽  
Fiscal Pressure ◽  
The Cost ◽  
Taxation System ◽  
Tax Payers ◽  
Personal Income Taxation

The publication outlines theoretical aspects of the system of personal income taxation and determines that individuals and the tax agent are the paramount actors in certain synergistic relations of the institutional system elements. The state of formation of the revenue part of the Consolidated Budget of Ukraine was researched. Monitoring the formation of the revenue part of the consolidated budget is a set of methods for identifying and assessing the causes and signs that may lead to an increase in the tax culture of personal income tax payers and, at the same time, to increase the revenue part of the budget. The study of the structure of the tax determined that income in the form of wages and income tax, which is paid by the tax agent on income in the form of wages, dominate with great advantage and indicate the urgency of changing the policy of the State and in the minds of taxpayers oward their diversification. The fiscal pressure of income tax on taxpayers is analyzed. The tax burden should also take into account the cost of social benefits received, and therefore local self-government bodies should have information on the amount of taxes paid by one person or one employee and their dynamics in the future. A forecast of the tax burden on payment of tax to local budgets is carried out. It is proved that local self-government bodies should have not only a sufficiently predicted, but also an ever-growing amount of income tax, which requires urgent reform of the current taxation system. Ways to improve the system of personal income taxation are proposed. The author singles out the main stages of the strategy for reforming the personal income taxation system and the strategic goal: obtaining maximum revenues to the budget with an acceptable tax burden on the taxpayer. A set of factors of influence and differences between the taxation system of Ukraine and those established in other countries is formed.

scholarly journals E-commerce Taxation and Fiscal Policy Perspective: The Case of Indonesia

2018 ◽  
Vol 7 (3) ◽  
pp. 1-9
Author(s):  
Sigit Setiawan
Keyword(s):  
Fiscal Policy ◽  
Income Tax ◽  
Tax Revenue ◽  
Policy Perspective ◽  
Indonesian Government ◽  
The Third ◽  
Total Potential ◽  
Analytical Research ◽  
The Government ◽  
In The Beginning

The Indonesian government is now seriously exploring in depth the proposed tax imposition for e-commerce. In this context, this paper will discuss the following issues: the first, if Indonesian government should impose the tax on e-commerce; the second, how much the potential tax revenue from e-commerce is; and the third, how Indonesian fiscal policy perspective views e-commerce taxation. The study in this paper adopts a descriptive analytical research method. The study concludes several points. Indonesia should tax its e-commerce. The total potential tax revenue on e-commerce from VAT and income tax in 2018 ranges from almost Rp11.75 trillion to Rp16.64 trillion, with VAT dominates the contribution up to more than 90% of the total tax revenue. By not levying the tax in the year means Indonesian government will lose a partial or the most of tax revenue. The revenue loss is potentially getting bigger in the coming years if the government still fails to collect the tax. E-commerce taxation should not be strictly enforced in the beginning, yet more is emphasized on socialization and education actions. It is also intended to help the online platform to be compliant. Tax policy in e-commerce can be used for the purpose of regulating the economy, such as to control excessive online import purchasing.

The research results of charter companies in Croatia

2011 ◽  
Vol 17 (1) ◽  
pp. 19-34
Author(s):  
Daniela Gračan ◽  
Gorana Bardak ◽  
Andreja Rudančić-Lugarić
Keyword(s):  
Growth Rate ◽  
Quality Improvement ◽  
Member State ◽  
Annual Growth Rate ◽  
Upward Trend ◽  
The Third ◽  
Eu Integration ◽  
Time Basis ◽  
Foreign Entrepreneurs ◽  
The Eu

Demand for Croatia as a nautical country constantly maintains the upward trend. The reason for this is the fact that Croatia is on the way to the EU integration as a future equal member state. This fact significantly contributes to Croatia’s openness to the generating market in both economical and in terms of tourism. Nautical tourism of Croatia is profitable which has been recognized by foreign entrepreneurs by directing their fleets to the Adriatic and developing successful and today frequently leading charter companies. The paper defines the charter activity and points out its characteristics. The purpose of the paper is to research, understand and set forth the attitudes of nautical tourists within the charter domain as an activity with the highest annual growth rate in nautical tourism. Methodology used in this paper was questionnaire based on three sections of questions. First section of questions refers to structure of charter companies, the second section of questions refers to the features of demand and season of 2009, and the third section of the questionnaire shows the expectations of charter companies for the season of 2010. Further on, the authors have additionally researched Slovenian charter companies and made the correlation of Slovenian and Croatian charter market.The research in this paper is descriptive, conducted on a one-time basis and on an intentionally selected sample. Based on the results, appropriate conclusions and attitudes have been made also incorporating specific views regarding the quality improvement of a nautical tourist product and charter offer.

DEBT POLICY RULE, PRODUCTIVE GOVERNMENT SPENDING, AND MULTIPLE GROWTH PATHS

2008 ◽  
Vol 12 (4) ◽  
pp. 445-462 ◽  
Author(s):  
Koichi Futagami ◽  
Tatsuro Iwaisako ◽  
Ryoji Ohdoi
Keyword(s):  
Growth Rate ◽  
Steady State ◽  
Government Spending ◽  
Income Tax ◽  
High Growth ◽  
Government Debt ◽  
Government Bonds ◽  
Tax Rate ◽  
Productive Government Spending ◽  
The Government

This paper constructs an endogenous growth model with productive government spending. In this model, the government can finance its costs through income tax and government debt and has a target level of government debt relative to the size of the economy. We show that there are two steady states. One is associated with high growth and the other with low growth. It is also shown that whether the government uses income taxes or government bonds makes the results differ significantly. In particular, an increase in government bonds reduces the growth rate in the high-growth steady state and raises the growth rate in the low-growth steady state. Conversely, an increase in the income tax rate reduces the growth rate in the low-growth steady state and there exists some tax rate that maximizes the growth rate in the high-growth steady state. Finally, the level of welfare in the low-growth steady state is lower than that in the high-growth steady state.

scholarly journals Effects of pronatalist population measures in the Republic of Srpska in the municipalities with negative natural growth

2010 ◽  
pp. 67-77
Author(s):  
Mira Cuk
Keyword(s):  
Growth Rate ◽  
Population Growth ◽  
Population Policy ◽  
Migration Policy ◽  
The Third ◽  
Negative Growth Rate ◽  
The Republic ◽  
The Government ◽  
Negative Growth

Over the last years in the Republic of Srpska, a trend of negative population growth has been detected. Positive population growth has been identified only in four municipalities (two large and two small). The main reasons of the negative growth rate are population ageing and depopulation. The Government of the Republic of Srpska has been monitoring and analysing the situation and changes concerning demographic developments and it has also responded to that by undertaking various measures such as: institutionalised measures (establishing the Ministry of Family Affairs and Demographic Policy Council), incentive measures in the field of social policy, population education and measures for stimulating local communities to implement population policy measures. Local self-government units with distinct long-term problem of depopulation adopt their special measures. Effects of the abovementioned measures are shown by means of results of the research conducted in municipalities of East Herzegovina which is demographically deserted and have negative growth rate. The research covered families with the third and fourth child which enjoy the benefits of some population measures, as well as families which have got their first or second child for whom these measures should represent additional motivation to give birth to the third child. The research results prove that existing measures do not achieve expected goals and that the Republic of Srpska needs long-term and comprehensive measures in the field of economic, social, housing, education, cultural, national and migration policy. .

Export Trend of Ready Made Garments (RMG) Sector of Bangladesh

2021 ◽  
Vol 13 (1) ◽  
pp. 101-110
Author(s):  
M. S. Hossain ◽  
M. T. Uddin
Keyword(s):  
Growth Rate ◽  
Time Series ◽  
Gross Domestic Product ◽  
Foreign Exchange ◽  
Time Series Data ◽  
Series Data ◽  
Upward Trend ◽  
Trend Model ◽  
Significant Upward Trend ◽  
The Government

Ready-Made Garments (RMG) sector has greater importance than any other sector in Bangladesh in terms of growth, employment, foreign exchange earnings and Gross Domestic Product (GDP). The objective of this study is to determine the export trend of the RMG sector in Bangladesh by using different trend models. To serve the objectives of the study, time-series data of RMG sectors has been used for the period 1985-2018. Among several trend models, the Semi-log Parabolic Trend model is found to be the best-fitted model for determining the trend of RMG exports. From the empirical results of the study, it is observed that RMG exports have a significant upward trend for the period 1985-2018 with a growth rate of 8.76 % in 2018. The forecasted RMG export will be nearly 31712.82 million USD in the financial year 2022-23. The findings of the study will help the government, NGO’s and policymakers to undertake necessary steps for the progress of this sector.

scholarly journals Paddy Loss and Its Implication to Fertilizer Subsidy in Indonesia

2021 ◽  
Vol 28 (1) ◽  
pp. 73
Author(s):  
A Faroby Falatehan ◽  
Yusman Syaukat ◽  
Hastuti Hastuti ◽  
Nizar Nasrullah
Keyword(s):  
Growth Rate ◽  
Government Subsidy ◽  
Rice Farming ◽  
Post Harvest ◽  
The Third ◽  
The World ◽  
Rice Milling ◽  
The Government ◽  
The Impact ◽  
The Relationship

Indonesia is the third largest rice producer in the world, at the same time it’s a country that imports rice from various countries. The government has provided input subsidies to increase rice production and reduce imports. Modes of rice farming in Indonesia is relatively diverse, from conventional to modern, even in the post-harvest process. The objectives of this study are: to analyze the impact of post-harvest handling on food loss and to analyze the relationship between paddy or rice loss with the quantity and value of fertilizers subsidy and paddy production in Indonesia. The estimated food (rice) loss includes the stages of harvesting, threshing, drying, and milling stages and distribution. Farmers use various technologies in processing rice: serrated sickle in harvesting, power thresher in threshing, and flatbed dryer in drying; while rice milling was done using conventional rice miller. The total rice loss reached 6.91 million tons in 2014 and continued to increase to 8.14 million tons in 2018. The growth rate of fertilizer subsidy value is higher than those of subsidized fertilizer quantity and paddy or rice loss. The results indicated that growth rates of paddy production and rice loss was lower than increased of government subsidy for fertilizer.

Sign in / Sign up

Export Citation Format

Share Document