What is Tax, How Many types of Tax in India| Indirect Tax | Direct Tax | GST |Income Tax | Corporate

The video is a part of a commerce educational series on the KSR Academy's YouTube Channel, focusing on the differences between direct and indirect taxes. It caters to commerce and non-commerce students as well as professionals unfamiliar with tax systems. Initially, the speaker explains the general concept of tax, which is imposed by the government on individuals and companies in various forms. The discussion starts by defining direct taxes, which are paid directly to the government, like income tax for individuals and corporate tax for companies. These taxes are based on income, profit, or gain, with specific examples such as income earned from salary, rental property, business, capital gains, or interest. This segment highlights how direct taxes are calculated and paid based on taxable income.