Question : As per Budget 2023-24, how much comes from corporation tax for every 1 Re receipt of the government?
Option 1: 4 paise
Option 2: 15 paise
Option 3: 17 paise
Option 4: 7 paise
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
Correct Answer: 15 paise
Solution : The correct answer is 15 paise .
According to the Union Budget presented by Finance Minister Nirmala Sitharaman in Parliament, the Goods and Services Tax (GST) is expected to contribute 17 paise for every rupee of revenue, and the corporation tax will make up 15 paise. For every rupee in the government, 58% will come from direct and indirect taxes, 34 from borrowings and other liabilities, 6 from non-tax revenues, and 2 from non-debt capital receipts.
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
Get Updates BrochureYour Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.




