Taxation

Taxation is the process by which a government collects money from individuals and businesses to fund public services and national development. Taxes can be applied to income, goods and services, property, and other financial activities.

It is a legal obligation, and the money collected helps pay for things like infrastructure, healthcare, education, defense, and public welfare programs. There are different types of taxes, such as income tax, GST (Goods and Services Tax), corporate tax, and property tax.

In simple terms, taxation is how governments raise revenue to run the country and provide public services.