Indian Taxation System

Economics ⇒ Indian Economy

Indian Taxation System starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Indian Taxation System. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 12

Describe the concept of progressive taxation with an example.

Describe the main features of the Goods and Services Tax (GST) in India.

Explain the concept of 'double taxation'.

Explain the concept of 'tax base' with an example.

Explain the concept of 'tax elasticity'.

Explain the difference between direct and indirect taxes with examples.

Explain the difference between proportional, progressive, and regressive taxes.

A person earns a salary of Rs. 6,00,000 per annum. If the income tax rate is 10% for income up to Rs. 5,00,000 and 20% for income above Rs. 5,00,000, calculate the total tax payable.

Which article of the Indian Constitution empowers the central government to levy taxes? (1) Article 265 (2) Article 246 (3) Article 370 (4) Article 14

Which of the following is a direct tax in India? (1) Goods and Services Tax (GST) (2) Income Tax (3) Customs Duty (4) Excise Duty

Which of the following is a tax levied on imports and exports? (1) Excise Duty (2) Customs Duty (3) Service Tax (4) VAT

Which of the following is a tax on expenditure? (1) Income Tax (2) GST (3) Wealth Tax (4) Gift Tax

Fill in the blank: The ________ is responsible for the administration of direct taxes in India.

Fill in the blank: The ________ is responsible for the administration of indirect taxes in India.

Fill in the blank: The ________ is the apex body for the formulation of policies relating to indirect taxes in India.

Fill in the blank: The ________ tax is imposed on the net wealth of individuals and companies.

Is the following statement true or false? 'Excise duty is levied on the import of goods into India.'

Is the following statement true or false? 'Tax evasion is a legal way to reduce tax liability.'

Is the following statement true or false? 'Taxation can be used as a tool for redistribution of income.'

Is the following statement true or false? 'Taxation can be used to control inflation.'