Indian Tax Structure

Direct Tax The term direct tax generally means a tax paid directly to the government by the persons on whom it is imposed.
Indirect Tax  An indirect tax is a tax collected by an intermediary from the person who bears the ultimate economic burden of the tax.
The Government of India earns maximum form Corporate Income Tax.

Direct Tax                                                                 Indirect Tax
Income Tax                                                                Sales Tax or VAT
Corporation Tax                                                        Customer Duty
Capital Gain Tax                                                        Insurance Premium Tax
Stamp Duty                                                                Excise Duties
Land Tax
Estate Duty                                                                Landfill Tax
Wealth Tax                                                                 Aggregates Levy
Petroleum                                                                  Climate Change Levy
Revenue Tax

Inheritance Tax                                                          Goods and Services Tax

0 comments: