2015 · Q63
Which one of the following is the major source of gross tax revenue (GTR) for the Government of India?
General KnowledgeIndian Economy
- AIncome tax
- BCorporation tax
- CCustoms duty
- DService tax
Explanation
In 2015, corporation tax was the single largest contributor to the Centre's gross tax revenue, exceeding personal income tax, customs duty, and service tax. (Personal income tax overtook corporation tax only later, around 2022–23.) Hence B.