GENERAL KNOWLEDGE

Detailed explanation-1: -The correct answer is Corporate Tax. Corporate tax is the single largest source of income to the government of India.

Detailed explanation-2: -State Government Revenues Sources-Key takeaways The other largest source of revenue for other state governments is taxes which includes general sales tax, income tax, selective sales tax, corporate tax, and property tax.

Detailed explanation-3: -The taxes are now decided by the GST Council and not the government. In 2020-21, 28.5% of the revenue came from GST followed by corporate tax and personal income tax, 28.1% and 28.3% respectively.