The annual yield from which of the following Union Government taxes is the highest?

A) Custom duties B) Corporation tax and income tax C) Inheritance tax, wealth tax, interest tax and gift tax D) Excise duties

Answer & Solution

Correct Answer: Option D

The annual yield from excise duties is the highest.

Question posted by Examveda

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3 Comments

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Zeus Demolisher 7 years ago

As far as I know option B is right

Shantanu Maitra 8 years ago

How can excise duty becomes the highest yield, where it is known that Corporation Tax/corporate tax earns the maximum share of total tax revenue for union government. Income tax is progressive in nature, please explain the logic behind the answer.

Nikita Chauhan 9 years ago

Option B is correct.

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The annual yield from which of the following Union Government taxes...

The annual yield from which of the following Union Government taxes is the highest?

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