Recently Finance Ministry released provisional data on tax collections, consider the following statements:
1. Corporate tax exceeds the personal income tax as a share of gross tax revenue.
2. Indirect tax receipt accounts for over 60% in total tax collection.
3. Effective personal income tax rate in India is highest among BRICS nations.
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
None