Multiple choice general knowledge

Which of the following yields the largest revenue in the Central Budget?

  1. Excise Duty

  2. Sales Tax

  3. Income Tax

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Excise Duty has historically been one of the largest revenue sources in India's Central Budget, generating significant revenue from goods manufactured within the country. While Income Tax and Customs Duty are major revenue sources, Excise Duty (now subsumed under GST) contributed substantially to central government revenues. Sales Tax is a state government revenue source, not central.

Keep practicing — related questions