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What is tax burden and how is it calculated?
short by / on Monday, 10 February, 2025
The tax burden represents the total amount of taxes paid by an individual or entity, often expressed as a percentage of their income or profits. It represents the portion of income, property, or profits paid as taxes. For instance, earning ₹50,000 and paying ₹5,000 in taxes means a 10% tax burden, as 10% of earnings go to the government.