What if India has 0% Income Tax #shorts #tax #incometax

What if India has 0% Income Tax #shorts #tax #incometax
The abolition of Income tax is an idea which appeals to a lot of Indians.
This is also a reality in many countries across the world. As many as 23 countries like UAE, Bermuda, Panama, Monaco don’t have a personal income tax in their countries. Some don’t even have corporate tax. How do these countries manage to earn revenue? What are the sources of income for their governments? I explain this hypothetical scenario and how India could potentially make zero income tax.