Multiple choice

Directions: Choose the correct option for the given question.In Budget proposals for 2008-09, which of the following gives 24% contribution in revenue collection of union government?

  1. Income Tax

  2. Excise

  3. Corporation Tax

  4. Non-tax Revenue
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Corporation Tax is the largest contributor to the Union Government's revenue collection, contributing approximately 24% in the 2008-09 budget. Corporation tax is levied on the profits of registered companies and forms a significant portion of direct tax revenue in India.

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