Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Current Affairs

Topic

National: 2023

Question:

As per Budget 2023-24, how much comes from corporation tax for every 1 Rs. receipt of the government?

Options:

4 paisa

15 paisa

17 paisa

7 paisa

Correct Answer:

15 paisa

Explanation:

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.