Correct option is A
The correct answer is (a) Personal income tax.
· As of the 10 February 2023 budget, personal income tax collection saw an increase.
· The Indian government highlighted a rise in personal income tax revenues due to better compliance measures and improved economic activities post-pandemic.
· The focus has been on expanding the tax base and enhancing digital processes for tax filing.
Information Booster:
· Corporate tax also contributes significantly, but the recent increase was more notable in personal income tax.
· Octroi duties have been abolished with the introduction of the GST system in India.
· Commercial tax is generally linked to state taxes and isn't categorized as a direct tax.