Correct Answer : Option (D) - Tax on income except agriculture
The shareable central taxes include corporation tax, income tax, wealth tax, customs, excise duty and service tax. The taxes, which are not shared with states include some cesses like education and road. Income Tax in India includes all income except the agricultural income that is levied and collected by the central government (List I, Entry 82).
Published On : June 26, 2021
Category : Indian Economy
