Noun
a tax paid directly by the person or organization on whom it is levied
Source: WordNetAccording to recent reports, net direct tax collection between April 1 and December 15, 2020 was ₹4.95 lakh crore, compared to ₹6.01 lakh crore in the same period last year. Source: Internet
Income taxation of wages, etc. Federal courts have ruled that the Sixteenth Amendment allows a direct tax on "wages, salaries, commissions, etc. without apportionment." Source: Internet
Subsequent cases have viewed the Sixteenth Amendment as a rejection of Pollock's definition of "direct tax". Source: Internet
“Every burrito that goes through the tunnel represents over two dollars in direct tax revenue and over four dollars in indirect revenue through job creation, research stimulus and geothermal energy. Source: Internet
The gross direct tax collection in 2019-20 fiscal dipped 4.92 per cent to Rs 12.33 lakh crore on account of reduction in corporate tax rate, increased standard deduction and personal I-T exemption limit, the Income Tax department said on Sunday. Source: Internet
Indirect taxes are imposed on events, rights, privileges, and activities. citation Thus, a tax on the sale of property would be considered an indirect tax, whereas the tax on simply owning the property itself would be a direct tax. Source: Internet