Taxes are of two separate types, direct and indirect taxes the distinction comes in the way these taxes are enforced some are paid straightforwardly by you, for example, the income tax, wealth tax, corporate tax and so on while others are indirect duties, for example, the vat, service tax, sales tax, and so on.
Gst is an indirect tax which is levied on the supply of goods and services and has replaced excise, service tax and various other indirect taxes in indianow, only two types of indirect taxes exist in india - gst and customs.
Tax, in general, is the imposition of financial charges upon an individual or a company by government of india know about different types of taxes in india. An excise tax refers to a tax on a single item, which may be different than the tax levied on other items general taxes sales tax is a tax on retail sales value added tax is a tax on manufacturing that taxes the difference between the cost of raw materials and the cost of the final product. In india we pay 25 types of taxes brief information about all types of taxes starting from income tax, sales tax,service tax, capital gain tax etc.
Tax: all about taxation in india check types of taxes with examples tax news & notifications helpful tips tips to save tax on your financial year there are four different types of corporate tax they are: minimum alternative tax. 10 thoughts on “ list of taxes levied by the indian government ” but from this post i learned about all the details of property tax in india so, thank you for this kind of information this article gave a good insight of what a tax is and different types of taxes levied thank sfor sharing this article hoping some more good tax. Taxes are of two distinct types, direct and indirect taxes the difference comes in the way these taxes are implemented some are paid directly by you, such as the dreaded income tax, wealth tax, corporate tax etc while others are indirect taxes, such as the value added tax, service tax, sales tax, etc.
Various types of indirect taxes in india the following are some of the most widely applicable indirect taxes in india 1 service tax in india service tax is a tax which is levied on the services provided by an entity if an entity is providing any service, they are required to levy service tax on the same this service tax is collected from.
Income tax in india includes all income except the agricultural income that is levied and collected by the central government this particular income is also shared with the states the income tax was incorporated in india from the year1860. Different types of taxes prevalence of various kinds of taxes is found in india taxes in india can be either direct or indirect however, the types of taxes even depend on whether a particular tax is being levied by the central or the state gover. Different types of taxes prevalence of various kinds of taxes is found in india taxes in india can be either direct or indirect however, the types of taxes even depend on whether a particular tax is being levied by the central or the state government or any other municipalities.