- Income tax here typically refers to personal income tax levied on individuals and Hindu Undivided Families (HUFs). - The share of income tax in GDP indicates the contribution of individual taxpayers to the national income relative to the size of the economy. - Tax-to-GDP ratio is an important indicator of the government's ability to mobilize resources.
The share of income tax in Gross Domestic Product in the year 2013 – 14 was
Asked in CGPSC Prelims Exam 2015 · Topic: Fiscal Policy & Revenue (Taxation System in India: Direct, Indirect taxes, and Tax Reforms (including GST))
More Economic Development questions
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