GK
TAXES IN INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Of the gross tax revenue of the Union Government the indirect taxes account for nearly -
|
|
55 percent
|
|
|
65 percent
|
|
|
75 percent
|
|
|
85 percent
|
Explanation:
Detailed explanation-1: -As per Indian Union Budget estimates for financial year 2023, direct taxes accounted for 51.5 percent and indirect taxes accounted for 48.5 percent of total central tax collection in India.
Detailed explanation-2: -Indirect levies generate 53% of govt tax revenue-Times of India.
Detailed explanation-3: -The correct answer is Corporate Tax. Corporate tax is the single largest source of income to the government of India.
There is 1 question to complete.