A paper On An investigation into the impact of taxes on individuals' saving habits

Authors

  • Dr. Shweta Pradip Bhatia Research Guide Faculty of Management Jagannath University, Jaipur Author
  • Aanchal Singh Research Scholar Faculty of Management Jagannath University, Jaipur Author

DOI:

https://doi.org/10.61841/ffw08856

Abstract

The effects of tax policy on saving behaviour have not been conclusively resolved despite much writing on the factors that influence savings. This theory is used to evaluate the impact of tax arrangements on savings designs using board data acquired for the Delhi NCR region over a 2.5year period. The cross-segment and the board information models incorporate the statutory value included Tax rate, the typical and best close to home pay Tax Rate, and the best corporate pay charge rates as pointers of duty approach for every NCR by using Tax Rate changes to indicate charge strategy modifications. The most important findings demonstrate that both of these 
crucial tax rates have a considerable impact on saving rates. According to reliable assumptions, the standard individual salary tax rate has a significant negative influence on savings, whereas the usage tax rate has little of an effect. The experimental results from the proposition's analysis show that shifting pay taxes to usage taxes would increase savings. In the end, by altering the assessment's form, the legislature may have a more significant impact on saving. 

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References

Reports:-

 All India Income Tax Statistics, AY 1999-2000, Directorate of Income Tax, New Delhi.

 Government of India, Report of the Taxation Enquiry Commission 1953, Chairman:Mathai, Ministry of Finance, a, New Delhi.

 Government of India, Indian Tax Reform, Report of a Survey, 1956, Chairman: Nicholas Kaldor, Ministry of Finance, New Delhi.

 Government of India, Report of the Advisory Group on Tax Policy and Tax Administration for the Tenth Plan, 2001, Chairman: Parthasarathi

Websites: -

 www.indiastat.com

http://tigerprints.clemson.edu/all_theses

 www.saiindia.gov.in

 www.shodhganga.inflibnet.ac.in

 www.incometaxindia.gov.in

 www.legalserviceindia.com

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Published

23.11.2019

How to Cite

Bhatia, S. P. ., & Singh, A. . (2019). A paper On An investigation into the impact of taxes on individuals’ saving habits . International Journal of Psychosocial Rehabilitation, 23(6), 1737-1745. https://doi.org/10.61841/ffw08856