Income tax is a direct tax levied on earnings;

Name: Income tax is a direct tax levied on earnings;
Brand: Quizplus
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Question

Quizplus · Accepted Answer

VAT stands for value added tax, which is a type of indirect tax. It is charged on the value added to goods or services at different stages of production or distribution. Unlike income tax, which is a direct tax levied on earnings, VAT is not directly levied on income or earnings but rather on the value added to goods and services. Therefore, option D is the correct answer.

Income Tax Is a Direct Tax Levied on Earnings;