In simple terms, a levy is like a financial charge levied by the government on individuals or organizations. For example, property owners may have to pay a property tax levy based on the value of their property. Similarly, employees may have a portion of their wages deducted as an income tax levy.
These levies are important sources of revenue for governments to provide essential services like education, healthcare, public transportation, and more. They are used to maintain and improve the infrastructure of a country and ensure that public sectors are adequately funded.
So, the term "levy" in English signifies a compulsory financial charge imposed by the government as a means to generate revenue for public welfare and development.