Home  >  General Studies For Competitive Examinations  >  Economy Previously Asked Questions: Public Finance (Tax)

Which of the following statements are true for the Income Tax in India?1. It is a progressive tax2. It is a direct tax3. It is collected by the state Governments4. It is a proportional tax Choose the correct answer from the codes given below. Code

🎲 Try a Random Question  |  Total Questions in Quiz: 48  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Economy Previously Asked Questions: Public Finance (Tax) — practice the complete quiz, review flashcards, or try a random question.
🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊 📊 View Stats

Which of the following statements are true for the Income Tax in India?<br />1. It is a progressive tax<br />2. It is a direct tax<br />3. It is collected by the state Governments<br />4. It is a proportional tax Choose the correct answer from the codes given below. Code






ADVERTISEMENT
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.