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Which of the following falls under the category of a State Government's tax revenue?

ACorporate Income Tax

BSales Tax

CProperty Tax

DCustoms Duty

Answer:

B. Sales Tax

Read Explanation:

  • Sales tax is a compulsory, indirect tax levied on the sale of goods and services, making it a source of tax revenue.


Related Questions:

Which type of government revenue is more stable and predictable?
Government policies on taxation, public expenditure and public debt are commonly known as:
Which among the following is a Progressive Tax?

 Consider the following statements regarding the ‘Regressive taxation’:

I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.

II.For regressive taxation are not any permanent or specific sectors for such taxes.

III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.

Which of the following statement(s) is/are correct?


primarily through: The 2025-26 Budget of the Kerala government emphasizes reducing fiscal stress