1.0Free UPSC IAS Preparation Syllabus and Materials For Aspirantshttps://forumias.com/blogprashant shekharhttps://forumias.com/blog/author/prashant-s/rich600338<blockquote class="wp-embedded-content" data-secret="RO0tJZNT50"><a href="https://forumias.com/blog/redistribution-of-wealth-explained-pointwise/">Redistribution of wealth and Wealth Tax in India- Explained Pointwise</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://forumias.com/blog/redistribution-of-wealth-explained-pointwise/embed/#?secret=RO0tJZNT50" width="600" height="338" title="“Redistribution of wealth and Wealth Tax in India- Explained Pointwise” — Free UPSC IAS Preparation Syllabus and Materials For Aspirants" data-secret="RO0tJZNT50" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); </script> https://i0.wp.com/forumias.com/blog/wp-content/uploads/2024/12/Redistribution-of-wealth-and-Wealth-Tax-in-India.png?fit=1280%2C853&ssl=11280853India’s taxation structure has undergone significant reforms in recent times, which has resulted in broadening of the tax base. However, there are persisting challenges in generation of adequate revenue to fund public goods and social sectors.