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Types of Taxes in India: A Comprehensive Guide to the Indian Tax System

Submitted by chegg987 on Thu, 11/02/2023 - 14:00

Every government needs to provide good infrastructure and services to its people. But to do this the government needs to have separate funds earmarked for development. To gather funds, governments opt to levy taxes on their citizens. Many types of taxes in India are levied on the public.

In India, the taxation system has a proper structure where the taxes are divided into two categories: Direct taxes and Indirect taxes are the two main types of taxes in India. Different types of taxes in India are categorized under each type for better clarity.