Sources of Income
The income of the panchayat samiti comes from three sources:
- taxes levied upon land and water usage, professional taxes, liquor taxes and others
- income generating programmes
- grants-in-aid and loans from the State Government and the local zila parishad
- voluntary contributions
For many of the panchayat samiti the main source of income becomes state aid. For others, the traditional taxing function provides the bulk of revenues. Tax revenues are often shared between the gram panchayats and the panchayat samiti.
Read more about this topic: Panchayat Samiti
Famous quotes containing the words sources of, sources and/or income:
“I count him a great man who inhabits a higher sphere of thought, into which other men rise with labor and difficulty; he has but to open his eyes to see things in a true light, and in large relations; whilst they must make painful corrections, and keep a vigilant eye on many sources of error.”
—Ralph Waldo Emerson (1803–1882)
“I count him a great man who inhabits a higher sphere of thought, into which other men rise with labor and difficulty; he has but to open his eyes to see things in a true light, and in large relations; whilst they must make painful corrections, and keep a vigilant eye on many sources of error.”
—Ralph Waldo Emerson (1803–1882)
“The secret of success lies never in the amount of money, but in the relation of income to outgo.”
—Ralph Waldo Emerson (1803–1882)