Which of the following is an example of direct tax?

Question

Question

This question was previously asked in

SSC GD Constable (2022) Official Paper (Held On : 09 Feb 2023 Shift 4)

Answer 1

The correct answer is Personal income tax.Key Points

A direct tax is a tax that is paid directly to the government by the taxpayer.
It is usually based on the income or wealth of the taxpayer.
Personal income tax is a direct tax that is levied by the government on the income of individuals, including salaries, wages, and other forms of income.
It is a progressive tax, which means that the tax rate increases as the income of the taxpayer increases.

Additional Information

Custom duty is a tax that is levied on goods that are imported or exported from a country.
- It is usually charged as a percentage of the value of the goods and is collected by customs officials at the border.
Excise tax is a tax that is levied on goods that are produced within a country.
- It is usually charged as a percentage of the value of the goods and is collected by the government from the manufacturers or producers of the goods.
G.S.T. or Goods and Services Tax is a tax that is levied on the sale of goods and services.
- It is charged as a percentage of the value of the goods or services and is collected by businesses that are registered for G.S.T.