Sources of Government Revenue

Government revenue, also known as public revenue or government income, refers to the total amount of money collected by a government from various sources to finance its operations, programs, and services.

Revenue Sources

• Income Tax: Income tax is a direct tax imposed by the government on the income earned by individuals, businesses, and other entities within its jurisdiction.

• It is calculated based on the total income or profits earned and is typically paid annually. Income tax is designed to fund government operations, social programs, and public services.
• Union Excise Duties: ....