it is charged on citizens so that they by the way of giving money they contribute something for their country and help govt in social welfare works such as reconstruuction of damage dams , giving subsidies to poorest section of socities etc.
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direct tax
Toll tax is a direct tax
difference b/w direct tax and indirect tax
direct tax
The merits of accounting is that it helps in budgeting. The disadvantage is that it includes a busy time especially during the tax season.
The two examples of direct tax is Income tax and Wealth tax.
An income tax is an example of direct tax.
The two examples of direct tax is Income tax and Wealth tax.
direct tax
Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.