As we know that we have to pay tax to the government directly or indirectly, now that may be income tax or taxes we pay on goods and services, etc. The taxes in India are mainly levied by the central or state government and also in some cases local authorities. So we all are familiar with the Indian tax system, so let's see how much you know about the Indian Tax System. Take this small quiz n see how much you know about the Indian Tax System.
1. How many types of taxes are?
A. 1
B. 2
C. 3
D. 4
2. which of the following does tax structure consist of?
A. Central Government
B. State Government
C. Local authorities
D. all of the above
3. Which of the following consists of direct taxes?
A. Income Tax
B. Gift tax
C. Capital gain tax
D. All of the above
4. Which of the following are indirect taxes?
A. Good and service tax
B. Service tax
C. Value Added tax
D. All of the above
5. Which of the following taxes are imposed by the central government?
A. Customs duty
B. Central excise duty
C. Income tax
D. All of the above
6. Which of the following is imposed by the state government?
A. Land revenue
B. Stamp duty
C. State excise duty
D. All of the above
7. Which of the following is imposed by local authorities?
A. Gst
B. Property tax
C. Excuse duty
D. Custom duty
8. Under which slab the taxpayer has to pay 5% tax?
A. 0-250000
B. 250000-500000
C. 500000-750000
D. 750000-1000000
9. How much of India's income tax comprises its GDP?
A. 5%
B. 10%
C. 15%
D. 20%
10. On which of the following goods excise duty is imposed?
A. Natural gas
B. Petroleum crude
C. High Speed diesel
D. All of the above
11. How many does GST have?
A. 1
B. 2
C. 3
D. 4
12. How many tax slabs does GST have?
A. 2
B. 3
C. 4
D. 5
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