The Indian Tax System is a structured framework for collecting revenue by the government of India. It consists of direct taxes, such as income tax, which individuals and businesses pay based on their earnings, and indirect taxes, like Goods and Services Tax (GST), which are levied on goods and services consumed. Taxes are categorized into various slabs, with different rates applicable based on income levels and types of goods. The Income Tax Department oversees the collection and administration of direct taxes, while the Goods and Services Tax Network manages the indirect tax system, ensuring compliance and efficiency.