Income tax in India is a tax on earnings, based on income levels, regulated by the Income Tax Act of 1961.
Corporate tax in India is a tax on the profits of companies, with rates varying by company type and income level.
Securities Transaction Tax (STT) is a tax on securities trades on Indian exchanges, aimed at simplifying taxation and enhancing transparency.
Capital Gains Tax in India is charged on profits from selling assets. Short-term gains are taxed higher, while long-term gains enjoy lower rates or exemptions.
In India, gifts over ₹50,000 are taxed unless from close relatives or exempt. The tax depends on the recipient’s income tax slab.
Wealth tax in India, abolished in 2015, was a tax on net wealth exceeding ₹30 lakh, applied to assets like real estate and jewelry.