General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 54)
54.
The annual yield from which of the following Union Government taxes is the highest?
Discussion:
11 comments Page 1 of 2.
Mandira Dutta said:
8 years ago
Nowadays, it is corporation tax. India earns more money through this tax.
(1)
Ravi said:
1 decade ago
Excise duties are 16%
Gulshan said:
1 decade ago
What is excise duty?
Suvo said:
1 decade ago
Corporate tax has more contribution then excise duties where income tax has less. So what would be correct answer?
Suvo said:
1 decade ago
Corporate tax has more contribution then excise duties where income tax has less. So what would be correct answer?
Gaurav said:
1 decade ago
This is a wrong answer. The share of direct taxes is way more as compared to indirect taxes. Corporate tax accounts of approx. 36% of the total tax revenues whereas excise amounts to just 17%.
Divyesh said:
1 decade ago
It is right answer because question asks annual yield from tax.
It is Union Excise Duty.
It is Union Excise Duty.
Murali said:
1 decade ago
Answer is wrong. Highest share is in this way.
Corporate tax > income tax > service and other tax > custom > excise.
So corporate and income tax combined is much higher than excise duties.
Corporate tax > income tax > service and other tax > custom > excise.
So corporate and income tax combined is much higher than excise duties.
Tuks said:
1 decade ago
Current scenario is Corporate tax > income tax > excise tax > custom = service tax and numerically 20 > 14 > 10 > 9 = 9 respectively. They are bound to change as time passes.
Raaz said:
10 years ago
Corporate tax is the right answer. For detail clarification go to the current status of Indian tax.
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