Fiscal usually refers to government finance. In this context, it may refer to:
- Fiscal deficit, the budget deficit of a government
- Fiscal policy, use of government expenditure to influence economic development
- Fiscal year/fiscal quarter, reporting periods for firms and other agencies
Taxes in India are levied by the Central Government and the State Governments. Some minor taxes are also levied by the local authorities such the Municipality or the Local Council.
The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Centre and the State. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law." Therefore each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature.
Here are some websites which are useful for the categorized fiscal/taxation aspects: