Tax department launches board game to teach children how to handle finances

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<strong>You could soon get a snake and ladder board game that actually teaches you the good and bad habits in respect of tax events and financial transactions.</strong></p>
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Or even a set of memory cards, which will enable a child to learn the concepts and importance of paying taxes.</p>
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The Central Board of Direct Taxes (CBTD) has adopted a novel approach to spread tax literacy through 'learn by play' methods with a view to increasing awareness and tax literacy especially among children.</p>
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<strong>Also read: <a href="https://www.indianarrative.com/economy-news/centre-releases-rs-crore-to-states-for-meeting-shortfall-in-tax-collection-174795.html">Centre releases Rs 86,912 crore to states for meeting shortfall in tax collection</a></strong></p>
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An official statement issued on Sunday said that moving beyond text based literature, awareness seminars and workshops, the CBDT has adopted a novel approach to spread tax literacy through 'learn by play' methods.</p>
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CBDT has brought out products to introduce concepts related to taxation, often perceived to be complicated, to high school students through board games, puzzles and comics.</p>
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Kick-starting this initiative, Finance Minister Nirmala Sitharaman launched a series of communication and outreach products aimed at spreading financial and tax awareness at the closing ceremony of the Azadi Ka Amrit Mahotsav Iconic Week in Goa.</p>
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She termed the next 25 years as Amrit Kaal, and said that the country’s youth would play a major role in shaping the new India. Sitharaman also distributed the first sets of the games to select school students present at the event.</p>