Think HR Think CHRM
Friday - 19 Jul 2019

CHRMGlobal.com on LinkedIn
Username : Password: Forgot Password?
Updates
Updates
The Importance of Paying your Taxes
Archive

Come February and the entire business community awaits the presentation of the Union Budget. All keenly look forward to any new tax rules or, better, reforms.

Taxes are an extremely important tool for nation building. It’s one of the major revenue streams for any government. The money collected is used for infrastructure, education, health, defence and other similarly vital sectors.

But, while it’s imperative that the government sets tax slabs judiciously, it’s also important that all citizens pay their due taxes honestly and punctually.

Even Chanakya had said:

“All experts shall fix revocation in such a way that neither the donor nor the receiver is harmed.” (3.16.5)

In the above verse, we find one of the most beautiful advice of Chanakya – that on revenue collection. He stressed that this part of governance should not adversely affect the giver or the receiver. The giver should be happy to give and the receiver should be able to meet his target.

But why should the giver happily pay his taxes?

THE NATION NEEDS YOU

There are people who are now on the better side of finances – individuals and companies whose basic requirements are fulfilled. They need to come up and contribute to nation building, making the maximum contribution.

Though Chanakya has not forgotten the payers’ needs too. He had said: “Taxes should be collected the way a honey bee collects the honey from the flower.”

The flower is willing to give up its sweetness, but the bee also takes care that only a little is taken without hurting the flower.

WHY SOME ARE NOT TAXED...

I am sure that, at some point or the other, you may have felt you are being taxed far more than others. But understand that these ‘others’ are those who have been left behind by any society.

These are the poor people who are still struggling to get such basic needs as food, clothing, shelter and any semblance of financial security. Naturally, not only will they require tax exemptions but also other privileges.

You have to understand that these people, with your tax support, will eventually come up to the first level of paying taxes themselves.

FOR TOTAL DEVELOPMENT

Now this is completely up to the government. While funds need to be allocated taking human happiness index into account, it should be distributed in such a manner that it helps the total development of the society.

Even arts, sports, literature and research needs to be supported financially. And if you pay your taxes, you would, basically, financing them too. It’s like the Lebanese-American author Khalil Gibran had said: “Pay even the musicians and artists for they bring peace of mind at the end of a tiring day!”

(The author is a management consultant and trainer. He is the director of ATMA DARSHAN, a company that conducts spiritual tours. He is available through e mail at radhakrishnan@atmadarshan.com)

For a management development training program “Chanakya’s 7 Pillars for success in Management and Leadership” in your organisation Check details on http://www.atmadarshan.com/events/hr.htm 

Enroll yourself for a management “E-course on Kautilya’s Arthashastra” 52 easy lessons, each taking just 3 minutes of reading time with practical tips to make yourself more productive and efficient. http://www.indiayogi.com/courses/sw/workshop4.asp

Buy over 4000 spiritual products online from books, CDs, pooja materials to meditation mats. Click http://www.indiayogi.com/atmadarshan.asp

Spiritual Tours organised by ATMA DARSHAN to Kailash Mansarovar, Chardham etc http://www.atmadarshan.com/tours/intro.htm

Comments Listing
Posted: 04/09/2011 01:55:04

wew


Posted: 08/02/2011 10:29:39

importance of paying tax


All the fields are compulsory.
Your Name
Comment
 
Code
 
Related Articles
No Record Found!
 
Related Discussion
No Record Found!
 
Events
Poll
 
  Culture, Mission, Values, Ethics
  Compensation & Benefits
  Job Profile
  Opportunity for Career Development