HISTORICAL ANALYSIS OF PRINCIPLES OF PROGRESSION ON SALARIED PERSONS: POLICY PERCEPTION A STANDARD SHIFT
AUTHOR – ABHIN BEHL, STUDENT AT AMITY LAW SCHOOL, NOIDA
BEST CITATION – ABHIN BEHL, HISTORICAL ANALYSIS OF PRINCIPLES OF PROGRESSION ON SALARIED PERSONS: POLICY PERCEPTION A STANDARD SHIFT, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (7) OF 2025, PG. 872-877, APIS – 3920 – 0001 & ISSN – 2583-2344.
Tax as an Instrument of Fiscal Policy
The crucial purpose of tax structure is to increase profits in a proficient and equitable way.3 Taxes finance government to perform basic roles and help as an instrument of social and economic advancement.4 One of the opinions emphasizes that plummeting disparities of income can be done via taxation by relocation of buying ability from wealthy to the weak.5 Progression by the poor via assenting national act and tumbling the tremendous remunerations of the wealthy by impressive maxima and curbing superfluous retributions through taxes is favor by this view.6 The tax policy must target at the idea of substantial equity and highest well-being even though both may not be optimally achieved simultaneously.7 In India, government has used taxation to attain several socio- fiscal objectives.8 Financial policy similar to any other policy derives its meaning and direction from the ambitions and objectives of the society under which it functions and the individuals whom it assists.9 Evolution and societal integrity are the key notes of the goal line of development in India and it can be accomplished by restructuring of buying ability and the deplete of progressive taxation by way of a tool presumed prominent among purposes established into Five Year Plans.10