Direct taxes include?

Direct taxes are taxes that are levied on individuals and organizations based on their income, profits, or wealth. Examples of direct taxes include: - Income tax: This is a tax that is imposed on individuals and businesses based on their income or profits. - Capital gains tax: This is a tax on the profits earned from the sale of assets such as property, stocks, and bonds. - Wealth tax: This is a tax on the net worth of individuals, which includes their assets minus their liabilities. - Property tax: This is a tax on the value of real estate, such as land and buildings. Direct taxes are usually progressive, meaning that individuals with higher income or wealth pay a larger proportion of their income in taxes than those with lower income or wealth. Direct taxes are different from indirect taxes, which are taxes on goods and services, such as excise duty, ad valorem tax, and specific tax.