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As per the 2016–17 Budget, the largest source of money to the Government of India is :
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- Income Tax
- Corporation Tax
- Nontax revenues
- Borrowings and other liabilities
- Income Tax
Correct Option: D
According to the 2016-17 budget, Borrowings and other liabilities contribute the maximum of about 21% of total government earnings. It is followed by Corporation Tax (19%) and Income Tax (14%). Corporation tax and income tax together constitute one third of the total government earnings.
