Definition on Tax :- The legal definition and the economic definition of taxes differ in that economists do not consider many transfers to governments to be taxes. For example, some transfers to the public sector are comparable to prices. Examples include tuition at public universities and fees for utilities provided by local governments...
Hey kaushal, thanks for suggesting this topic, it is really very important topic and we should all know about the tax system and its structure in India. Well, i am sharing a document which will five more detailed information on tax structure in India.