Question

Which type of tax is levied directly on income and

Q: Answer-Which type of tax is levied directly on income and wealth?

Direct taxes are imposed on income, wealth, or profits, such as income tax or corporate tax. They are paid directly to the government by the individual or organization.

wealth?

A Indirect tax

B Direct tax

C Consumption tax

D Excise duty

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Which type of tax is levied directly on income and

Solution