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Types of Direct Taxes in India

Types of Direct Taxes in India

Introduction Taxation is the backbone of any nation’s financial system. It ensures the availability of resources for public expenditure and supports the overall economic framework of a country. In India, the taxation system is broadly divided into direct taxes and indirect taxes. While indirect taxes are levied on goods and services, direct taxes are imposed…

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types of tax in India

Types of Tax in India: A Comprehensive Analysis

Introduction Taxation is the backbone of any government’s revenue system. In India, taxes are the primary source of funding for development projects, welfare schemes, administration, and defense. The Indian tax system has evolved significantly since independence, moving from a complex web of colonial-era levies to a more structured and technology-driven framework today. Broadly, taxes in…

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