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International Journal of Science, Strategic Management and Technology

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ISSN: 3108-1762 (Online)
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IMPACT OF INCOME TAX REFORMS ON ECONOMIC GROWTH

AUTHORS:
Piyush raj
Mentor
Dr. Anup kumar Srivastav
Affiliation
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract

The relationship between taxation and economic performance has long been central to fiscal policy debates in emerging economies. This project titled “Impact of Income Tax Reforms on Economic Growth” examines how successive policy reforms in the income tax system influence macroeconomic indicators such as GDP growth, investment levels, employment elasticity, consumption patterns, and overall fiscal stability.


Using authentic secondary datasets sourced from government databases, economic surveys, RBI bulletins, CBDT annual reports, and reputable international institutions, the project applies AI-assisted analytics and visualization tools to assess trends across different reform periods. Data underwent systematic preprocessing, including cleaning, transformation, and normalization, to ensure analytical accuracy. AI-enabled dashboards were generated to identify patterns, correlations, and anomalies in tax collection efficiency, taxpayer base expansion, compliance behaviour, and investment responses.

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raj, P. (2026). Impact of Income Tax Reforms on Economic Growth. International Journal of Science, Strategic Management and Technology, 02(04). https://doi.org/10.55041/ijsmt.v2i4.478

raj, Piyush. "Impact of Income Tax Reforms on Economic Growth." International Journal of Science, Strategic Management and Technology, vol. 02, no. 04, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i4.478.

raj, Piyush. "Impact of Income Tax Reforms on Economic Growth." International Journal of Science, Strategic Management and Technology 02, no. 04 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i4.478.

References
1.Central Board of Direct Taxes. (Various years). Annual report. Ministry of Finance, Government of India. https://www.incometaxindia.gov.in

2.Department of Economic Affairs. (Various years). Union Budget documents. Ministry of Finance, Government of India. https://www.indiabudget.gov.in

3.Ministry of Finance. (Various years). Economic Survey of India. Government of India. https://www.indiabudget.gov.in/economicsurvey

4.National Statistical Office. (Various years). National accounts statistics. Ministry of Statistics and Programme Implementation. https://www.mospi.gov.in

5.Reserve Bank of India. (Various years). Handbook of statistics on Indian economy. https://www.rbi.org.in

6.Organisation for Economic Co-operation and Development. (Various years). Tax policy studies. OECD Publishing. https://www.oecd.org/tax

7.International Monetary Fund. (Various years). IMF country reports: India. International Monetary Fund. https://www.imf.org

8.World Bank. (Various years). World development indicators. World Bank Group. https://data.worldbank.org

9.Kelkar, V. (2002). Report of the Task Force on Direct Taxes. Government of India. https://dor.gov.in

10.Government of India. (1961). Income-tax Act, 1961. Ministry of Law & Justice. https://www.indiacode.nic.in

 
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✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
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