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- Dictionarytax/taks/
noun
- 1. a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions: "higher taxes will dampen consumer spending" Similar Opposite
- 2. a strain or heavy demand: "a heavy tax on the reader's attention" Similar
verb
- 1. impose a tax on (someone or something): "the income will be taxed at the top rate" Similar
- 2. make heavy demands on (someone's powers or resources): "she knew that the ordeal to come must tax all her strength" Similar
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A tax is a compulsory fee that is levied by a government on an individual or an organization to collect revenue for public works. Know more about the types of taxes, recent reforms, income tax, tax slabs, etc. on Groww.
May 23, 2024 · What Are Taxes? Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance...
Jun 22, 2020 · Meaning of TAX: Tax is a compulsory payment to be made by every resident of India. It is a charge or burden laid upon persons or the property for the support of a Government. Government decided the rates and the items on which tax will be charged, like income tax, GST, etc
A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1] .
Jun 28, 2024 · taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.
Jun 30, 2024 · What Is Taxation? Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. Paying taxes to governments or...
A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Why Do We Pay Taxes?
The meaning of TAX is a charge usually of money imposed by authority on persons or property for public purposes. How to use tax in a sentence.
TAX meaning: 1. (an amount of) money paid to the government that is based on your income or the cost of goods or…. Learn more.
noun. a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc. a heavy demand on something; strain. a tax on our resources.
