What are 5 types of taxes?

The two major types of taxes are direct tax and indirect tax. The different types of direct taxes are income tax, corporate tax, wealth tax, gift tax, securities transaction tax, and capital gains tax. The different types of indirect tax are GST, sales tax, customs duty etc. You can read about the Goods and Services Tax Act – Overview, Key Features and Criticism in the given link.

Further readings:

  1. GST – A Brief Overview on Slabs, Rates, Origin
  2. Carbon Tax – Meaning and an Overview [UPSC Notes]

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