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:
“On board ship there are many sources of joy of which the land knows nothing. You may flirt and dance at sixty; and if you are awkward in the turn of a valse, you may put it down to the motion of the ship. You need wear no gloves, and may drink your soda-and-brandy without being ashamed of it.”
—Anthony Trollope (18151882)
“The American grips himself, at the very sources of his consciousness, in a grip of care: and then, to so much of the rest of life, is indifferent. Whereas, the European hasnt got so much care in him, so he cares much more for life and living.”
—D.H. (David Herbert)
“You boast of spending a tenth part of your income in charity; maybe you should spend the nine tenths so, and done with it.”
—Henry David Thoreau (18171862)