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Income Tax:- If you also want to understand what is actually income tax, then we are telling you in detail about Income Tax in Hindi. In the budget every year, the country's finance ministers talk about income tax (IT), Sometimes the tax rebate is made in the income tax slab, and sometimes the tax exemption is increased-deductible. <br><br>Sale Tax:- A sales tax is a consumption tax imposed is by the government on the sale of goods and services. A conventional sales tax is the levied an at the point of sale, collected by the retailer, and passed on to the government. A business is liable for sales taxes in a given jurisdiction if it has a nexus there, which can be a brick-and-mortar location, an employee, an affiliate, or some of the other presence, depending on the laws in that jurisdiction. <br><br>Property tax:- the Property tax is the annual amount paid by a landowner to the local government or the municipal corporation of his area. The property includes all tangible the real estate property, his house, office building and the property he has rented to others.<br><br>Service tax:- the Service tax is a tax levied by the government on service providers on certain service transactions but is actually to borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.<br><br>Source:- https://taxjankari.com/income-tax-information-in-hindi/
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There are two types of tax 1.Direct Tax 2.Indirect Tax http s://t ax jankari.com
Direct Tax As Stated earlier, you pay these taxes directly. The Government levy such taxes directly on an individual or on entity and it cannot get Transferred to any other person or entity. https://taxjankari.com
Type of Direct Tax 1.Income Tax Act 2.Wealth Tax Act 3.Gift Tax Act 4.Expenditure Tax Act 5.Interest Tax Act https://taxjankari.com
Indirect Tax The Taxes levied on goods and service are referred to as indirect taxes. They are different from direct taxes as they are not imposed on an individual Who shells out them direct to the Indian government. https://taxjankari.com
Type of Indirect Tax 1.Sales Tax 2.Service Tax 3.Value Added Tax 4.Custom Duty and Octroi 5.Excise Duty
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