Economics · Economy

In India, central Income Tax is primarily levied as which type of tax?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A half-yearly indirect tax on luxury goods
2A monthly direct tax on turnover
3A quarterly indirect tax on income
4An annual direct tax on income✓

Correct answer

An annual direct tax on income

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In India, central Income Tax is primarily levied as which type of tax?

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In India, central Income Tax is primarily levied as which type of tax?

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