Direct tax: Learn what direct taxes are

Learn what direct taxes are, how they are levied and collected by the central government in India, and who is eligible to pay them. Find out the types, rates, exemptions, and advantages of direct taxes such as income tax , corporate tax , and capital gains tax . The Department of Revenue is led by the Secretary (Revenue) under the overall direction and supervision of the Union Finance Minister. It exercises monitoring, supervision and administration in respect of matters relating to all the Direct and Indirect Union Taxes through two statutory Boards namely, the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). Each Board is headed by a chairman who is also ex officio Special Secretary to the Government ... The term Direct Tax is a core concept under taxation. Get to know the definition of Direct Tax , what it is, the advantages, and the latest trends here. A direct tax is a tax paid directly by an individual or organization to the entity that levied the tax , such as the U.S. government.