Question:medium
According to the Indian Budget Estimates 2025-26, arrange the following tax receipts from lower to higher order:
According to the Indian Budget Estimates 2025-26, arrange the following tax receipts from lower to higher order:
Show Hint
Custom Duty = smallest; Income Tax = largest component of direct taxes.
Updated On: Feb 18, 2026
- (A), (B), (D), (C)
- (A), (B), (C), (D)
- (B), (A), (D), (C)
- (C), (B), (D), (A)
Show Solution
The Correct Option is A
Solution and Explanation
Step 1: Determine the approximate order of receipts.
- Custom Duty<Corporate Taxes<GST Collection<Income Tax
Step 2: Select the correct order.
- Option 1 is correct.
- Custom Duty<Corporate Taxes<GST Collection<Income Tax
Step 2: Select the correct order.
- Option 1 is correct.
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