Question

Give any three sources of income for Central government.

Answer 1

1.Direct Tax

Income tax ,Capital Gains Tax ,Wealth Tax ,Gift Tax

2.Indirect tax

Union Excise Duties ,Customs ,Corporation Tax ,Hotel Expenditure Tax ,Tax on Foreign Travel

3. Non-Tax Revenue:

Interest Receipts , Surplus Profits of the Reserve Bank of India (RBI) , Currency, Coinage and Mint , Railways , Profits of Public Enterprises