New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which type of tax is levied directly on income and

    wealth? 
    A Indirect tax Correct Answer Incorrect Answer
    B Direct tax Correct Answer Incorrect Answer
    C Consumption tax Correct Answer Incorrect Answer
    D Excise duty Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next