Which of the following statements are true for the Income Tax in India?1. It is a progressive tax2. It is a direct tax 3. It is collected by the State Governments 4. It is a proportional taxCodes

Which of the following statements are true for the Income Tax in India

1.	Which of the following statements are true for the Income Tax in India?1. It is a progressive tax2. It is a direct tax 3. It is collected by the State Governments 4. It is a proportional taxCodes
A.	Only 1
B.	Only 1 and 2
C.	1, 2 and 3
D.	2, 3 and 4
Answer» C. 1, 2 and 3