What are the Types of Direct Taxes?

The different types of Direct Taxes in India are as follows:

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    Income Tax:

    Tax on income from salary, rent, fixed deposits, pension, bank a/c interest, lottery, gifts, mutual fund, etc.

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    Capital Gains Tax:

    Tax on income received from the sale of capital assets like land, mutual funds, jewelry, vehicles, property, etc.

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    Gift Tax:

    Tax on gift or inheritance above ₹50,000.

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    Securities Transaction Tax:

    Tax on purchase and sale of securities like stocks.

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    Commodities Transaction Tax:

    Tax on non-agricultural things like gold, silver, natural gas and crude oil.

Now that you know about the different types of direct taxes, let's look at what the different types of indirect taxes are

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