Different types of taxes

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 kavya asked over 3 years ago

HI...What are the different types of taxes imposed by Indian Government on people?

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8 Answers
Open uri20170510 32134 ng4pv?1494421709 SONIYA answered over 3 years ago

Since your question has " Indian Government " , by which it means Central Government & State Government . Therefore I classify taxes imposed on people on the basis of government by which it it levied . State government levies taxes such as Vat , Luxury tax , Entertainment Tax , Entry TAX , CST , toll tax , Professional Tax . The rate of taxes differ from state to state. Whereas under Central Government jurisdiction comes direct tax , service tax , Central Excise and Customs . Under Direct tax comes Capital Gain Tax , Tax deduction at source ( TDS) , Dividend Distribution Tax , Minimum Alternate Tax ( MAT) . Wealth tax has been abolished from financial year 2015-16. The management and administration of the tax is under Central Board of Direct Taxes (CBDT) . Central Board of Excise and Customs (CBEC) Manages Service tax , Central Excise and Customs. Goods and service tax ( GST ) is likely to become applicable from 01.04.2016 which will take over following taxes : Vat , Luxury tax , Entertainment Tax , Entry TAX , CST , toll tax , Professional Tax , service tax , Central Excise and Customs . There will be only Goods and service tax ( GST ) in place of these taxes.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Prabhash answered over 3 years ago

Hi Friend Following are the taxes imposed by Indian Government on People excluding taxes on goods and services: 1. Income Tax 2. Profession Tax

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Subhankar answered over 3 years ago

hi friend please note that following are the taxes applicable for the Indian Government on People Type of Taxes in India:- **Direct Taxes** (1) Income Tax (2) Capital Gains Tax (3) Securities Transaction Tax (4) Perquisite Tax (5) Corporate Tax **Indirect Taxes** (1) Sales Tax (2) Service Tax (3) Value Added Tax (4) Custom duty & Entry Tax (On Goods) (5) Excise Duty (6) Anti Dumping Duty (7) Professional Tax (8) Dividend distribution Tax (9) Municipal Tax (10) Entertainment Tax (11) Stamp Duty, Registration Fees, Transfer Tax (12) Gift Tax (13) Wealth Tax (14) Toll Tax

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Nikita Agarwal answered over 3 years ago

Broadly, there are two types of taxes. DIRECT TAX and INDIRECT TAX Income tax and Wealth tax are types of Direct taxes. Wealth tax has been abolished by Finance Act 2015. Excise duty, Custom duty, Service tax: types of Indirect tax.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Alkit answered over 3 years ago

Broadly 2 : Direct and Indirect

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Gunjita Kashyap answered over 3 years ago

Hie kavya There are two different kinds of taxes given below: 1. Direct tax 2. Indirect tax further these two kinds of taxes includes : 1.direct tax is one where burden of tax liability is directly on the payer and it includes; a. income tax, b.wealth tax 2.indirect tax is paid by the person other than the person who utilizes the product or services and it includes: a.excise duty b.custom duty c.service tax d.sales tax e. VAT I think that it will be easy too understand now

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 DarshiL answered over 3 years ago

Those chrged directly like Income tax and those which were charged indirectly like vat , service tax , excise , etc etc

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 archana answered over 3 years ago

Taxes imposed on citizens of India is 1. Direct Taxes and 2. Indirect Taxes

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