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Questions and Answers
What is the primary tax authority in India?
What is the primary tax authority in India?
- Reserve Bank of India (RBI)
- Central Board of Direct Taxes (CBDT) (correct)
- Securities and Exchange Board of India (SEBI)
- Ministry of Finance
Which tax is not levied by the state governments in India?
Which tax is not levied by the state governments in India?
- Income Tax (correct)
- Property Tax
- Entertainment Tax
- Goods and Services Tax (GST)
What is the highest individual income tax rate in India for the assessment year 2021-22?
What is the highest individual income tax rate in India for the assessment year 2021-22?
- 40%
- 45% (correct)
- 35%
- 30%
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