The key to good economy lies in fact how a country intractably manages its monetary policies. The potent economists of across the world believe in the fact that a good economy is dependent solely on how a country mixes and manages well with its financial dealings. Income tax is one such important aspect that strengthens an economy to the very core. To understand the aspect, it is necessary to have a prior knowledge on some basic economics. Income tax is the right that the governments of every country deserve. The income tax collected from individuals is used by the government for bringing in the development of the country. Therefore, it in a way acts as serving one's country!

The taxation policy differs from countries to countries. The reason lies in the fact that every country runs in a different set of structure where economic run down influences the foreign policies of countries. It requires no additional expertise to understand the importance of it. However the government of countries across the world do keep a tight check so that income tax is collected in the best possible ways. However, it is frustrating to know that amidst stricter laws and acts, people find ways in avoiding so. However, such actions cannot be supported under any circumstance.

The government of UK pays special attention in this regard. The government has amended laws and acts in past so that there remains no loop holes in the process. The income tax in London also is also no exception. The people of the country thus, have to go through a complex and stricter procedures for filling tax returns. There are different forms meant for different bodies so that the system runs on a transparent thread. Orthodoxy is used as a weapon in fighting the situation in most efficient manner.

People across the world posses a wrong notion that income tax is used by the government officials as one of their revenues to fill in their pockets. However, the concept varies to a great extent. The income tax collected by government officials directly go in to the government treasures which ultimately acts as boomerang in serving the people in the disguise of development. The merge tax collected by government from an individual's heavy income is nothing but a token that serves the nation with boon in every positive possibility.

The world still is wrapped in dark shades where unawareness dominates a person's responsibility and maturity. It therefore has become a call of the day to wake up people from the nap of ignorance that binds him to his basic core. Proper guidance as well as good advice only can act in the positive spirit.