Impact Factor
Call For Paper
Volume 12 Issue 07
July 2026
Author(s)
Abstract
The Purpose Of This Study Is To Examine The Indian Tax System In Detail, As Well As How It Affects The Lives Of The Country's Middle Class And Whether It Is Beginning To Become A Burden For Them. Although The Indian Tax System Is Essential For Raising Money, Its Effects On The Middle Class Raise Questions About Economic Justice And Financial Pressure. The Economy's Backbone, The Middle Class, Bears The Combined Weight Of Indirect Taxes (excise Tariffs, GST) And Direct Taxes (income Tax) With Little Respite. They Make Substantial Tax Contributions, Yet Their Social Security Benefits Pale In Comparison To Those Of Lower-income Groups. The Financial Strain On Middle-class Individuals Is Further Increased By High Tax Slabs, Intricate Filing Processes, And Inflationary Pressures. The Gap In Discretionary Income Widens As A Result Of Infrequent Tax Changes To Reflect The Increased Cost Of Living. Furthermore, Their Savings And Purchasing Power Are Greatly Impacted By Indirect Taxes On Necessities.
Keywords
Paper ID
IJSARTV11I4103362
Publication Date
April 28, 2025
Research Area
Tax, Economy