In the colloquial sense, a direct tax is one paid directly to the government by the persons (juristic or natural) on whom it is imposed (often accompanied by a tax return filed by the taxpayer).
Income Tax:
Income tax is levied on the personal income of every individual whose total income exceeds taxable limit has to pay income tax based on prevailing rates applicable time to time.
Capital Gains Tax:
Capital Gain tax as name suggests it is tax on gain in capital. If you sale property, shares, bonds & precious material etc. and earn profit on it within predefined time frame you are supposed to pay capital gain tax. The capital gain is the difference between the money received from selling the asset and the price paid for it.
Securities Transaction Tax:
if you buy or sell equity shares, derivative instruments, equity oriented mututal  this tax is applicable.
- Current STTÂ Rates is : 0.017% to 0.025%.
Commodity Transaction Tax(CTT):
This tax is levied on the trading on commodity market. It is 0.010% now.
Corporate Tax:
Corporate Taxes are annual taxes payable on the income of a corporate operating in India. For the purpose of taxation companies in India are broadly classified into domestic companies and foreign companies.
For companies, income is taxed at a flat rate of 30% for Indian companies. Â Foreign companies pay income tax at the rate of 40%. An education cess of 3% (on both the tax and the surcharge) are payable.
