Which type of tax contributes significantly to Andhra Pradesh’s revenue?

Sales tax
Property tax
Income tax
Excise duty

The correct answer is: a) Sales tax

Sales tax is a consumption tax levied on the sale of goods and services. It is a major source of revenue for the government of Andhra Pradesh. In 2020-21, sales tax accounted for 25% of the state’s revenue.

Property tax is a tax levied on the value of real estate. It is a major source of revenue for local governments in Andhra Pradesh. In 2020-21, property tax accounted for 15% of the state’s revenue.

Income tax is a tax levied on the income of individuals and businesses. It is a major source of revenue for the central government of India. In 2020-21, income tax accounted for 40% of the central government’s revenue.

Excise duty is a tax levied on goods that are manufactured or produced in India. It is a major source of revenue for the central government of India. In 2020-21, excise duty accounted for 10% of the central government’s revenue.

In conclusion, sales tax is the type of tax that contributes significantly to Andhra Pradesh’s revenue.

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