Central Excise Duty Rate

Tell me about Central Excise Duty Rate explanation because I want to know about this because I do apply for job in this department so wan to know about this

I am doing MBA final year and making project report of final year on the topic Central Excise Duty Rate. Will you please provide me basic details about Central Excise Duty Rate along with details about the List of Direct Taxes In India so that I can all these details in my project report?

[pawan]

Central Excise Act:

Excise Duty in India has its roots in the British Era, when the ruling British taxed the production and manufacture of salt. Over the years the number of products under the ambit of this duty increased, until finally, in 1944 the Central Excise Act was passed.

Central Excise Duty Rate

Central Excise Duty rates were increased from 12.36% to 12.50%

The responsibility for administering the laws that govern laws under the following, and are not restricted to excise taxes alone:

Policy making for levying and collecting central and customs and excise duties
Management of Customs, Narcotics and Central Excise as per the prior set limits
Prevention the goods smuggling

There are certain subsidiary organizations that function under the Central Board of Excise and Customs including:

Custom Houses
Central Excise Commission rates
Central Revenues Control Laboratory

List of Direct Taxes In India:

Income Tax
Income tax is the most common and most important tax that an Indian must pay.
It is charged directly on the income of a person.
The rate at which it is charged varies, depending on the level of income.
Its charged to individuals, co-operative societies, firms, companies, Hindu Undivided Families (HUFs), trusts and any artificial judicial person.
Income tax is charged on an income known as taxable income, which is:

Taxable income = (total income) (applicable deductions and exemptions).

The different heads of income under which income tax is chargeable are:
Income from house and property.
Income from business or profession.
Income from salaries.
Income in the form of capital gains.
Income from other sources.