​Which of the following is a direct tax ?​

Correct option is D

The correct answer is (d) Income Tax

Explanation:
• Income Tax is a direct tax because it is paid directly by individuals or entities on their income to the government.
• The burden of this tax cannot be shifted to another person.
• It is governed by the Income Tax Act, 1961.
• It applies to individuals, companies, HUFs, firms, and other entities based on their income level.

Information Booster:
• Direct Taxes are levied on income or wealth of individuals or organizations.
• Central Board of Direct Taxes (CBDT) administers direct taxes in India.
• Other examples: Corporate Tax, Wealth Tax (abolished in 2015).
• The tax rate for individuals varies as per income slabs.
• Direct taxes promote equity, as higher earners pay more.

Additional Knowledge:
• VAT (Value Added Tax): Indirect tax on goods at each production stage; replaced by GST in 2017.
• Excise Duty: Indirect tax on goods manufactured within India (merged into GST).
• Goods & Service Tax (GST): Indirect tax on supply of goods and services, implemented from 1 July 2017.