As per Budget 2023-24, how much comes from corporation tax for every 1 Rs. receipt of the government?
Answer & explanation
Correct answer: option 2
For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, 6 paise from non-tax revenue like disinvestment and 2 paise from non-debt capital receipts, according to the Budget documents for 2023-24.