Q.Name the different types of direct taxes levied in India.

Income tax is the headline example, but a few other direct taxes exist alongside it, while one older one no longer applies at all. …

The main direct taxes currently levied in India are:

1. Income Tax — on the total income of individuals, HUFs, firms, companies, and other assessees.
2. Corporate Tax — the income tax specifically levied on company profits, under its own rate/provisions.
3. Capital Gains Tax — tax on the gain from transferring a capital asset, computed under the Capital Gains head.
4. Securities Transaction Tax (STT) — levied on taxable securities transactions carried out on a recognised stock exchange. …

Listing Wealth Tax as a currently applicable direct tax — it was abolished from AY 2016-17 and including it as a l …