Providing and running so many services requires a lot of money. the municipal corporation collects this in different ways. a tax is a sum of money that people pay to the government for the services the government provide.

Introduction:
The municipal corporation is a local government body responsible for providing various civic amenities and services to the residents of a city or town. To fulfill its responsibilities, the municipal corporation requires funds to carry out its functions effectively.

Sources of Revenue:
The municipal corporation generates its income from various sources. These sources can be categorized into two main types: own revenue sources and assigned revenue sources.

1. Own Revenue Sources:
- Taxes: The municipal corporation levies and collects taxes from the residents and businesses within its jurisdiction. Some of the common taxes include property tax, professional tax, entertainment tax, advertisement tax, etc.
- User Charges: The corporation charges fees for services it provides, such as water supply, sanitation, solid waste management, parking fees, etc.
- License Fees: The corporation charges fees for granting licenses to various businesses and establishments, including shops, hotels, restaurants, etc.
- Lease/Rent: The municipal corporation earns revenue through leasing or renting out its properties or facilities, such as community halls, marketplaces, stadiums, etc.
- Fines and Penalties: The corporation collects fines and penalties from individuals or organizations for violating municipal rules and regulations.
- Interest and Dividends: The corporation earns income from the interest and dividends received on its investments or deposits.

2. Assigned Revenue Sources:
- Grants from State Government: The state government provides financial assistance to the municipal corporation in the form of grants for specific projects or development activities.
- Share in State Taxes: The municipal corporation receives a share in the revenue collected by the state government from various taxes, such as sales tax, excise duty, etc.
- Central Government Grants: The central government also provides grants to the municipal corporation for specific purposes like urban development, poverty alleviation, infrastructure projects, etc.
- External Loans: The municipal corporation can raise funds by taking loans from external sources like banks, financial institutions, or international organizations.

Conclusion:
The municipal corporation's financial resources are derived from a combination of taxes, user charges, license fees, rent, fines, grants from the state and central government, and loans. These funds are utilized by the corporation to provide and maintain essential services and infrastructure for the well-being and development of the city or town.