The government of India recently constituted the New Finance Commission (13th). What are its major functions ? To decide-1. The salary structure of the employees of the Central Government.2. The distribution of the net proceeds of taxes between states and Central Govt.3. Rate of Income Tax and other taxes collected by the Union Govt.

The government of India recently constituted the New Finance Commissio

1.	The government of India recently constituted the New Finance Commission (13th). What are its major functions ? To decide-1. The salary structure of the employees of the Central Government.2. The distribution of the net proceeds of taxes between states and Central Govt.3. Rate of Income Tax and other taxes collected by the Union Govt.
A.	Only 1
B.	Only 2
C.	Only 3
D.	All 1, 2 and 35)None of these
Answer» C. Only 3