Individual Taxpayers’ Perception Towards Tax Evasion: A Study on Bhubaneswar City

The primary and major source of government revenue is Tax. The amount of tax revenue is expensed for the welfare of the public. Various provisions are laid down in the Income Tax Act, of 1961 for the levy and collection of tax. The evasion of tax is an illegal activity that leads to the uneven distribution of income and affects to the economic development of country which creates the unsteadiness of financial position. Ultimately the tax evasion reduces the revenue of the government and followed by the reduction in the income flow for the government significantly. This paper attempts to study the individual taxpayers’ perception towards the Tax Evasion in Odisha. The current research is established on together with the primary and secondary source of data. The primary data has been composed from the 100 no of individual taxpayers of the study area. The secondary sources of data have been comprising with different secondary sources such as the magazines, periodicals, journals and many reliable websites. The unruffled facts and figures have been categorised and organised in the table as per the necessities of the study. There are various statistical and mathematical tools and techniques such as the Chi-square test, percentage, and Likert scale, etc. have been employed for analysing and interpreting the results. The present papers show that an enormous number of persons measured the paying taxes as the load in spite of the amount of tax is expressively less. The average perception of individual taxpayers differs pointedly among different groups of people in the nominated demographic and financial variables. The individual taxpayers’ perception towards the Tax Evasion shows the adverse impact on the economic improvement of the country.