Explanation : Some of the taxes of the central government are : Taxes on income other than agricultural income; Duties of customs including export duties; Duties of excise on tobacco and other goods manufactured or produced in India except (i) alcoholic liquor for human consumption. and (ii) opium. Indian hemp and other narcotic drugs and narcotics, but including medicinal and toilet preparations containing alcohol or any substance; Corporation Tax; Taxes on capital value of assets, exclusive of agricultural land, of individuals and companies, taxes on capital of companies; Estate duty in respect of property other than agricultural land; etc. Central tax means taxes that are levied and collected by the central government. ....Read more