Multiple choice

Directions: Choose the correct option for the given question.Which direct tax among the followings gives maximum net revenue to the Government?

  1. Corporate Tax

  2. Income Tax

  3. Wealth Tax

  4. Gift Tax
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Corporate tax contributes the highest net revenue to the central government among direct taxes. This is because India has many profitable corporations (including MNCs and large domestic companies) paying substantial taxes, while income tax from individuals is more spread out and subject to various exemptions.

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