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Tax Collection

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Last date : 27-Dec-2024

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Tax Collection


Harshal Pardhi | Sneha Chavan | Mansi Gajbhiye | Prof. Anupam Chaube



Harshal Pardhi | Sneha Chavan | Mansi Gajbhiye | Prof. Anupam Chaube "Tax Collection" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-5, October 2024, pp.550-557, URL: https://www.ijtsrd.com/papers/ijtsrd69416.pdf

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.

Toll tax collection, transportation infrastructure, revenue generation, electronic tolling, traffic management, economic development, public policy


IJTSRD69416
Volume-8 | Issue-5, October 2024
550-557
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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