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Q111 (CAPF/2013) Economy › Government Finance & Budget › Government Finance & Budget

The following are some important sources of tax revenue for the Union Government in India : 1. Corporation tax 2. Customs 3. Union excise duties 4. Service tax Arrange the aforesaid sources of revenue in ascending order as per the Budget Estimates for 2013-1 4.

Result
Your answer: —  ·  Correct: D
Explanation
According to the Union Budget 2013-14 (Budget Estimates), the revenues were: Corporation Tax (₹4,19,520 cr), Union Excise Duties (₹1,97,554 cr), Customs (₹1,87,308 cr), and Service Tax (₹1,80,141 cr). The correct ascending order is Service Tax (4) < Customs (2) < Union Excise (3) < Corporation Tax (1), which is 4-2-3-1.
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