Abhigyan

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Study of Tax Literacy among the People of Punjab


Affiliations
1 Assistant Professor, Shanti Devi Arya Mahila College, Dinanagar, Punjab, India
     

   Subscribe/Renew Journal


Taxation Literacy is one of the determinants of financial literacy, which refers to having basic tax related financial awareness and numerical ability to manage tax computation. Taxation literacy aims to assist individuals in receiving the tax details, understanding and analyzing it. Low level of tax compliance is either due to non-payment of tax or under payment of tax, which are the common issues of Indian economy. Due to lower level of tax literacy, it is difficult to make taxpayers agree to follow required taxation provisions. So, taxation literacy is a vital component that can increase the rate of tax compliance among people which is ultimately good for the progress of Indian economy. The study focuses to determine the level of taxation literacy in the state of Punjab. As per the findings of the study, low level of tax literacy is found among people. It has also been found that if people are provided with adequate taxation knowledge, it will increase the rate of tax compliance among them.

Keywords

Compliance, Computation, Literacy, Taxation, Taxpayers
User
Subscription Login to verify subscription
Notifications
Font Size

  • Adimasu, N. A., & Daare, W. J. (2017). Tax awareness and perception of taxpayers and their voluntary tax compliance decision: Evidence from individual taxpayers in Snnpr, Ethiopia. International Journal of Scientific and Research Publications, 7(11), 686.

  • Alim, J., McClelland, G. H., & Schulze, W. D. (1992). Why do people pay taxes?. Journal of Public Economics, 48(1), 21-38. https://doi.org/10.1016/0047-2727(92)90040-M

  • Bhushan, P., & Medury, Y. (2013). Determining tax literacy of salaried individuals - An Empirical Analysis. Journal of Business Management, 10(6), 76-80.

  • Campus, M. S. (2010). Tax literacy among employees: Sabah and Sarawaks perspective. International Journal of Economics and Finance, 2(1), 218-223.

  • Cvrlje, D. (2015). Tax literacy as an instrument of combating and overcoming tax system complexity, low tax morale and tax non-compliance. The Macrotheme Review, 4(3), 156-167.

  • Durai, T., & King, R. (2017). Tax literacy of salaried working class in the Indian population median- An empirical study. In Lakshmi, K.S., Gajalakshmi, M., Bakiyalakshmi, V. (Eds.), Proceedings of the National Seminar on Direct and Indirect Tax Laws- An Overview, Department of Commerce, Meenakshi College for Women, Chennai. India (pp. 58-66). Allied Publishers.

  • Gandal, V.R. (2017). A study on awareness of tax planning amongst salaried employees in Khopoli city of Raigad district in Maharashtra. International Journal of Research in Commerce, Economics and Management, 7(11), 38-40.

  • Gaur, V.P., Puri, R. & Gaur, P. (2020). Direct Tax Laws. Kalyani Publishers, New Delhi.

  • Geetha, R., & Sekar, M. (2012). E-Filing of Income Tax: Awareness and satisfaction level of individual taxpayers in Coimbatore city. Journal of Management Sciences, 1(4), 6-11.

  • Hutauruk, M. R., Ghozali, I., Sutarmo, Y., Mushofa, A., Suyanto, Y., Yulidar, A., & Yanuarta, W. (2019). The impact of self-assessment system on tax payment through tax control as moderation variables. International Journal of Scientific and Technology Research, 8(12), 3255-3260.

  • Karthikeyan, U., & Lingaperumal, G. (2012). Awareness of tax planning - A study with special reference to government employees. International Journal of Research in Computer Application and Management, 2(10), 113-116.

  • Kaur, A. (2018). A study on tax literacy among taxpayers (A case study of Derabassi City). International Journal of Commerce and Management Research, 4(6), 137-140.

  • Kaur, G. (2016). Self-assessment system of taxation as a challenge for India. International Journal of Advanced Education and Research, 1(3), 9-11.

  • Loo, E. C., McKerchar, M., & Hansford, A. (2010). Findings on the impact of self assessment on the compliance behaviour of individual taxpayers in Malaysia: A case study approach. Journal of Australian Taxation, 13(1), 1-23.

  • Palil, M. R., & Mustapha, A. F. (2011). Factors affecting tax compliance behaviour in self assessment system. African Journal of Business Management, 5(33), 12864-12872. https://doi.org/10.5897/AJBM11.1742

  • Seralurin, Y. C., & Ermawati, Y. (2019). Influence of Self-Assessment System, Taxation Understanding, and Discrimination Toward Ethics of Tax Evasion: A Case in Papua Indonesia. International Research Journal of Management, IT and Social Sciences, 6(5), 267-278. https://doi.org/10.21744/irjmis.v6n5.745


Abstract Views: 193

PDF Views: 0




  • A Study of Tax Literacy among the People of Punjab

Abstract Views: 193  |  PDF Views: 0

Authors

Aditi Mahajan
Assistant Professor, Shanti Devi Arya Mahila College, Dinanagar, Punjab, India

Abstract


Taxation Literacy is one of the determinants of financial literacy, which refers to having basic tax related financial awareness and numerical ability to manage tax computation. Taxation literacy aims to assist individuals in receiving the tax details, understanding and analyzing it. Low level of tax compliance is either due to non-payment of tax or under payment of tax, which are the common issues of Indian economy. Due to lower level of tax literacy, it is difficult to make taxpayers agree to follow required taxation provisions. So, taxation literacy is a vital component that can increase the rate of tax compliance among people which is ultimately good for the progress of Indian economy. The study focuses to determine the level of taxation literacy in the state of Punjab. As per the findings of the study, low level of tax literacy is found among people. It has also been found that if people are provided with adequate taxation knowledge, it will increase the rate of tax compliance among them.

Keywords


Compliance, Computation, Literacy, Taxation, Taxpayers

References