Which among the following union taxes contribute the least to the gross tax revenue of the centre?
Which among the following union taxes contribute the least to the gross tax revenue of the centre?
Options
- a.
Union excise duties
- b.Correct answer
Customs duty
- c.
Income tax
- d.
Corporate tax
Explanation
Around 51 per cent of the gross tax revenue (GTR) accrues from direct taxes and the remaining 49 per cent from indirect taxes. Corporate tax contributes the highest to the GTR, while customs duty is the lowest.
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