Question

list various kinds of taxes that people pay to the government.talk to your parents,are shopkeeper in your locality and a businessman running a factory​

Answer 1

income tax,service tax,VAT,corporate tax,custom duty,security transaction tax,central excise

Answer 2

Answer:

1. Direct Tax

2. Indirect Tax

3. Entertainment Tax

Explanation:

Various kinds of taxes that people pay to the government are:

1) Direct taxes are the taxes paid directly to the government like Income tax, capital gains tax, corporate tax

2) Indirect taxes are the taxes which the government charges from the citizens through firms or organisations like Sales tax, service tax, custom duty on goods purchased from outside India, Excise duty, Value Added Tax (VAT)

3) Other Taxes: These taxes are extracted from both- direct and indirect taxes. For example: Swacch Bharat Cess, Entertainment tax etc