Tax Collection

Harshal, Pardhi and Sneha, Chavan and Mansi, Gajbhiye and Prof. Anupam, Chaube (2024) Tax Collection. International Journal of Trend in Scientific Research and Development, 8 (5). pp. 550-557. ISSN 2456-6470

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Abstract

Toll tax collection has emerged as a critical mechanism for funding transportation infrastructure, facilitating efficient traffic management, and enhancing road safety. This research paper provides a comprehensive analysis of toll tax collection systems, exploring their design, implementation, and impact on both revenue generation and user behavior. The study begins by examining the historical context of toll roads, highlighting the evolution of tolling practices from manual collection to modern electronic systems, such as RFID and mobile payment solutions. We delve into the economic implications of toll tax collection, assessing how it affects traffic patterns, road maintenance funding, and overall economic development. Through a comparative analysis of various tolling models—fixed, variable, and dynamic pricing—we evaluate their effectiveness in managing congestion and promoting equitable use of transportation resources. The paper also addresses the socio-political dimensions of toll taxation, including public acceptance, equity concerns, and the relationship between tolls and public service provision. Furthermore, we investigate the technological advancements that have revolutionized toll collection, including automated license plate recognition and smartphone applications, which enhance convenience for users while improving collection efficiency. The research incorporates case studies from different regions to illustrate successful toll tax implementations and the challenges faced, such as infrastructure costs and enforcement issues. Finally, we present recommendations for policymakers aimed at optimizing toll tax collection systems, fostering stakeholder engagement, and ensuring that tolling strategies contribute to sustainable transportation solutions. This paper aims to provide a nuanced understanding of toll tax collection's role in modern transportation finance, offering valuable insights for researchers, practitioners, and policymakers alike. The project highlights the various ways of collection of tax from the different sectors. The main sectors from the tax collection is more are Corporate Tax, Personal Income Tax and Other Direct Tax. This project also examines the various sectors from the tax collected through several years. As we all, most the country’s GDP (Gross Domestic Product) is depending on the tax collection. Most developing nations are developed and the main factors was proven that tax collection. For this project, I had selected my study area “India”. There are lots of ups and downs while collections tax through several years due to which the country’s GDP also gets affected. In this project, I had analyzed and forecast the tax on corporate tax and personal tax. I had also showcased that collection of tax from different sectors according to the state wise in last five years. I had made the time series models for forecasting on Corporate Tax and Personal Income Tax from the last 19 years.

Item Type:	Article
Subjects:	Q Science > Q Science (General)
Divisions:	Postgraduate > Master's of Islamic Education
Depositing User:	Journal Editor
Date Deposited:	23 Oct 2024 09:34
Last Modified:	23 Oct 2024 09:34
URI:	http://eprints.umsida.ac.id/id/eprint/14230

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