What is major source of Tax Revenue
What is major source of Tax Revenue in India?
As tax collection increased during April-November of the Financial Year 2013-14, corporate tax contribute a major share to gross direct tax collection. Even during the period of sluggish market gross corporate tax collection amounts to Rs 1,14,124 crore.
Corporate tax is followed by personal income tax (1,39,763 crore ), Securities Transaction Tax (3,053 crore) and Wealth Tax (712 crore).