Question

According to the Indian Budget Estimates 2025-26, arrange the following tax receipts from lower to higher order:

• A. (A), (B), (D), (C)
• B. (A), (B), (C), (D)
• C. (B), (A), (D), (C)
• D. (C), (B), (D), (A)

Hint:

Custom Duty = smallest; Income Tax = largest component of direct taxes.

Answer 1

The Correct Option is A

Step 1: Identify approximate receipts.
- Custom Duty < Corporate Taxes < GST Collection < Income Tax

Step 2: Conclude order.
- Option 1 is correct.