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Type of Taxes in India

Goods and Services Tax (GST): This tax replaced various indirect<br>taxes such as service tax, VAT, and central excise duty. It is a tax<br>on the supply of goods and services and is collected at every stage<br>of the supply chain.

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Type of Taxes in India

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  1. Type of Taxes in India Type of Taxes in India — MyEfilings.com 1.Income Tax: This tax is levied on the income earned by individuals and organizations. 2.Goods and Services Tax (GST): This tax replaced various indirect taxes such as service tax, VAT, and central excise duty. It is a tax on the supply of goods and services and is collected at every stage of the supply chain. 3.Corporate Tax: This tax is levied on the income earned by companies and corporate entities. 4.Customs Duty: This is a tax levied on goods imported into India. 5.Excise Duty: This is a tax levied on goods manufactured in India. 6.Property Tax: This tax is levied on the value of property owned by individuals and companies.

  2. 7.Wealth Tax: This tax is levied on the net wealth of individuals and companies. 8.Securities Transaction Tax (STT): This tax is levied on the purchase and sale of securities such as shares, bonds, and debentures. 9.Professional Tax: This tax is levied on individuals engaged in professions such as lawyers, doctors, and chartered accountants. Read more: https://myefilings.com/type-of-taxes-and-taxpayers-in- india/

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