In India, the system of tax is not only to add revenue for expenditure on welfare, but also to increase the economic and financial stability in economy, to increase social justice (equal distribution of income), and proceed towards Nation progress and socio economic development. The reform in Indian taxation system raise income by various ways, so , Governments to fund their activities for social welfare programme .In the economy for development and growth, taxes as income, sales , property, corporate, capital gains, estate, and excise are designed to contribute in public revenue as public finance .The taxes affect the economy in the long run, primarily through the supply side. The specific tax preferences can affect the allocation of economic resources and tax revenue encourage work, saving, investment, and innovation. Taxes provide resources for public services, and social welfare programs that benefit the entire society in country. The benefits range from national-level goals to individual benefit. Since 2020, tax revenue is increasing and making good effect on Gross Domestic Product growth rate. Tax cuts effect is on long-run economic growth by increasing deficits so it can be controlled by supply of money and foreign aid. The benefits are too national-level goals -welfare and to individual benefit of good standard of living. The focus of this article remain is on to study an effect of public revenue income on quantitative aspect in economy growth and qualitative development.
Keywords: Development, Finance, Growth, Public, Revenue, Social, Tax, Welfare .etc.
