Which among the following is not a direct tax ?

Options

A. Income tax
B. Wealth tax
C. Corporate tax
D. Note of these

Answer

4

Explanation

Direct Taxes, as the name suggests, are taxes that are directly paid to the government by the taxpayer. It is a tax applied on individuals and organizations directly by the government e.g. Income tax, corporation tax, wealth tax, etc. It is also defined as the tax where the liability as well as the burden to pay it resides on the same individual.