As per the Union Budget 2025-26, arrange the following sources of government revenue in descending order of their share in the government’s total receipts:
- GST and other taxes
- Borrowing and other liabilities
- Income Tax
- Corporation Tax
Choose the correct option from the following.
Correct answer: B
Explanation
In the 2025-26 "where the rupee comes from" chart, borrowings and other liabilities lead at 24%, income tax follows at 22%, GST and other indirect taxes contribute 18%, and corporation tax adds 17%. That gives the descending order Borrowing > Income Tax > GST > Corporation, which is 2-3-1-4.