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Multiple Choice Questions

The Indian Income Tax is 1 Direct 2 Proportio...........

Indian Economic System(BPSC) Budgeting and Fiscal policy

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The Indian Income Tax is:

1. Direct 2. Proportional

3. Indirect 4. Progressive

Select the answer from the codes given below:

1 and 2

Only 3

1 and 4

2 and 4

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Explanation:

The Income tax of India is direct and progressive.

An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund.