The receipts of which of the following taxes/duties are not shared with the States?

(A) Tax on income except agriculture
(B) Corporation tax
(C) Surcharge on income tax
(D) Capital gain tax

Correct Answer : Tax on income except agriculture
Question Asked : SSC Section Officer (Audit) Exam 2003
Explanation : The shareable central taxes include corporation tax, income tax, wealth tax, customs, excise duty and service tax, The taxes, which are not shared with states include some cesses like education and road.
The divisible pool is that portion of gross tax revenue which is distributed between the centre and the states. It consists of all taxes except surcharges and cess levied for specific purpose, net of collection charges and agricultural income.
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