Direct tax

 2. What do you mean by direct taxes.?

Direct taxes are levies paid straight to the government by the individual or organization on whom they are imposed. The burden cannot be shifted to someone else. [1, 2]

Common examples include:

• Income Tax: Charged on your earnings and wages.
• Corporate Tax: Levied on the profits of a business.
• Capital Gains Tax: Applied to profits from selling assets like stocks or property. [3, 4, 5, 6]

You can read more about how these differ from indirect taxes on the ClearTax Overview or view detailed breakdowns on the Investopedia Definition. [1, 7]

[1] https://www.investopedia.com/terms/d/directtax.asp

[2] https://www.etmoney.com/learn/income-tax/direct-tax/

[3] https://www.kotak.bank.in/en/stories-in-focus/taxes/what-is-direct-and-indirect-tax.html

[4] https://www.youtube.com/shorts/_EsUV0XEkL8

[5] https://www.indiafirstlife.com/knowledge-center/tax-savings/what-is-direct-tax

[6] https://www.equirus.com/wealth/glossary/direct-tax

[7] https://cleartax.in/s/types-of-taxes-in-india-direct-and-indirect-tax