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Analysis Study Research Paper | Business Economics | India | Volume 12 Issue 6, June 2023 | Rating: 4.9 / 10
Proposed Framework for Enhancing the Tax Payment System for the Salary - Earning Class in India
Prem Suresh Ghonmode
Abstract: This paper presents a novel theoretical framework aimed at enhancing the existing tax payment system by introducing a linked salary and tax account system, offering employees the ability to track their monthly taxable amounts and receive returns on their taxes. The new framework fosters incentives for tax compliance, enables banks to grow through increased account management, and generates higher government revenue. Through this theoretical proposal, the paper outlines a potential solution to improve the tax payment process and create a harmonious environment for all stakeholders involved.
Keywords: theoretical framework, tax payment system, linked salary account, tax account, incentives, tax compliance, account management, government revenue
Edition: Volume 12 Issue 6, June 2023,
Pages: 2152 - 2154