India Tax Structure Quiz
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Questions and Answers

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?

  • 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?

  • 40%
  • 45% (correct)
  • 35%
  • 30%

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