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Which of the following types of direct tax collection increased as of 10 February 2023 budget?
Question

Which of the following types of direct tax collection increased as of 10 February 2023 budget?

A.

Personal income tax

B.

Octroi duties

C.

Corporate tax

D.

Commercial tax

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.

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