Current Affairs

GK MCQs Section
Q. What was the highest rate of income tax in India (Before 1975) ?
Answer: 97.25%
Notes: The highest rate of income tax in India before 1975 was 97.25%. This rate was implemented during the 1970s under Prime Minister Indira Gandhi's government as part of a broader strategy to redistribute wealth and fund social programs. The high tax rate was aimed at curbing income inequality, but it also led to important tax evasion and a black market economy.
Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.
📌 Question Number: 5 in General Studies Mock Test - 67 in the above course in App.

This Question is Also Available in:

हिन्दीಕನ್ನಡ