A STUDY ON THE AWARENESS OF TAX EVASION

Abstract

Tax evasion has become one of the major financial crimes occurring all over the world, many companies and individuals refuse or defect from paying tax leaving a huge repercussion in the form of lack of government funds to serve the people. This study attempted to study the public awareness of tax evasion punishments and reasons for tax evasion. The research method followed is descriptive research. The data is collected through a questionnaire and the sample size is 1718. Convenience sampling method is adopted in the study to collect the data. The samples were collected from the general public with special reference to Chennai region. The independent variables are gender, income level and education level of respondents. The dependent variables are awareness of tax evasion punishments, reasons for tax evasion and opinion on contribution of tax for economic development of country . The researcher used graphs to analyze the data collected.  From the study, it is evident that people are aware of the tax evasion of punishments but lower educational level of population mainly contributes to tax evasion