Multiple choice

As per the budget proposals for 2008-09 the percentage share of direct taxes, in gross tax revenue is—

  1. 48·80%

  2. 52·06%

  3. 53·07%

  4. 55·01%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As per the 2008-09 budget proposals, direct taxes accounted for 53.07% of gross tax revenue. This reflected the increasing contribution of direct taxes like income tax and corporate tax to India's tax base. The trend showed a gradual shift from indirect to direct taxation.

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