I always had it in my mind, why should I share a part of earnings with the government? Why do I need to pay taxes for everything? Is it any kind of punishment ? I have understood that paying taxes in no punishment. Tax is our donation towards the general welfare of the public and also our own benefit.

Improve infrastructure

All public places, parks, roads, transport, electricity, gas, water, hospitals, museums etc. that are under government are run by the funds collected through taxes from the general public . The public money is utilized to provide amenities to the citizens.  Hence, any income that we spend in the form of taxes comes back to us in the form of public utility services .

Government schemes

Government keeps launching schemes for the wellbeing of citizens; it could be like education scholarships or self employment schemes etc. These schemes are beneficial for the citizens and they are funded by the income generated by us through tax

Government Functions

Country’s security is also one of our important concern. The taxes which we pay are also utilized to pay for the country’s defense. Without security guards your country would become too vulnerable to rebels. Can you survive in a country that has improper defense mechanism? Your answer is obviously ‘NO’, so it is best to pay taxes and stay secured.

Research and development

Government uses the funds collected by the public for many kinds of research and development. These researches could be in the filed of education, science, medicine or anything else. Who in turn benefits out of the research? It is the public only that benefits so we must pay taxes.

Generate employment

Governments improve economies and increase employment opportunities for people. It is with the investments made by the funds generated by the money collected by way of taxes.

We pay taxes not for the wellbeing of the government but for our own earning is our duty but pay less or more than the stipulated amount is wrong. If you feel you are well versed in tax matters then you can file your own taxes. I would suggest that if you are not good at financial calculations then you should hire a professional tax consultant who can calculate your tax on the basis of your earning and file the accurate amount before the due date. Use the tax filing week to pay your taxes and make your contribution to your nation.