Direct taxes are those which are imposed by the government on the taxpayer, in simple words these taxes are taken directly from the person who is liable to pay it and there is no middle individual between them. Given below are some of the examples for it –
- Income Tax – This is deducted from gross salary of an individual and hence these fall under this category.
- Wealth – It is levied on the total wealth of an individual and that is why the person on whom it is imposed has to pay it.
- Gift – If a person wins a contest then also tax will be collected from the winner and not from the company paying the gift.
Apart from above there are can be other examples also depending on laws and regulations of a country as every country has different sets of rules and regulations.