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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80 Questions
160 Marks
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