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    As per Budget 2023-24, how much comes from corporation tax for every 1 Re receipt of the government?
    Question

    As per Budget 2023-24, how much comes from corporation tax for every 1 Re receipt of the government?

    A.

    15 paisa

    B.

    17 paisa

    C.

    4 paisa

    D.

    7 paisa

    Correct option is A

    The answer is (a)  15 paisa.
    According to the Budget 2023-24, corporation tax is expected to contribute 15 paisa for every 1 Re receipt of the government. This is the same as the contribution from income tax. The other major contributors are Union excise duty (7 paisa) and customs (4 paisa).
    Here is a table showing the estimated contribution of different taxes to the government's receipts in 2023-24:

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