Assistant Professor, GLA University; Writing Fellow, COMPOSE, Universitas Islam International, Indonesia International; Fellow, KAICIID, Portugal and Founder, Webplatform4Dialogue, India
*Corresponding Author: Swati Chakraborty, Assistant Professor, GLA University; Writing Fellow, COMPOSE, Universitas Islam International, Indonesia International; Fellow, KAICIID, Portugal and Founder, Webplatform4Dialogue, India.
Received: May 29, 2023; Published: July 12, 2023
Wealth and tax are important issues in India, and they are closely related to the concept of human rights. The Indian government has a responsibility to ensure that its citizens have access to basic necessities such as food, shelter, and healthcare and that these needs are met through fair and just taxation policies. However, there are concerns that the current tax system in India does not always meet these standards, and that the wealthy are not always paying their fair share. This can lead to increased poverty and inequality, which can have a negative impact on human rights in the country. It is important for the government to take steps to address these issues in order to promote a more just and equitable society.
The tax system in India is designed to redistribute wealth and promote economic equality. The main tool for this is the progressive income tax, where individuals and businesses are taxed at a higher rate as their income increases. The government also provides various tax exemptions, deductions, and credits to lower-income individuals and families to help them meet their basic needs. Additionally, the government has implemented various welfare programs, such as food and housing subsidies, to help those in need.
However, there are concerns that the current tax system in India is not always effective in redistributing wealth and promoting economic equality. Some argue that the tax system is not progressive enough, as the wealthy are able to avoid paying their fair share through loopholes and tax havens. Additionally, tax evasion and avoidance by businesses and the wealthy is a widespread problem in India. This results in lower revenue for the government, which in turn affects the funding of welfare and development programs.
Overall, the tax system in India is intended to redistribute wealth and promote economic equality, but there are challenges in ensuring that this goal is met in practice. The government continues to take steps to address these issues and improve the tax system to make it fairer and more effective.
Keywords: Wealth Distribution; Tax System; Human Rights
Citation: Swati Chakraborty. “Wealth and Tax in India: A Human Right Concern". Acta Scientific Gastrointestinal Disorders 6.8 (2023): 04-08.
Copyright: © 2023 Swati Chakraborty. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.