Explanation:

 A tax that is paid directly by an individual or organization to the imposing entity. A taxpayer pays a direct tax to a government for different purposes, including real property tax, personal property tax, income tax or taxes on assets. Direct taxes are different from indirect taxes, where the tax is levied on one entity, such as a seller, and paid by another, such a sales tax paid by the buyer in a retail setting. A direct tax cannot be shifted to another individual or entity. The individual or organization upon which the tax is levied is responsible for the fulfilment of the tax payment. Indirect taxes, on the other hand, can be
shifted from one taxpayer to another.

• Direct taxes in India include corporate tax, Personal Income Tax, Securities transaction tax, banking
Cash Transaction tax and Fringe Benefit tax.

• Indirect Tax is a tax that increases the price of a good so that consumers are actually paying the tax by paying more for the products. The Ministry of Finance (Department of Revenue) through the Central Board of Excise and Customs (CBEC), an apex indirect tax authority, implements and administers excise
(central excise), customs and service tax laws.

• It includes service tax, excise, VAT etc.