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प्रश्न
Explain the following with examples:
Progressive tax
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उत्तर
- A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
- Examples of progressive tax are income tax, and estate tax.
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संबंधित प्रश्न
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Citing reason state the advantage of a progressive tax over proportional tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
Classify the following type of tax into direct and indirect taxes:
House tax
Briefly explain why direct taxes foster civic consciousness among people.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Explain clearly tour ways by which the state can promote economic growth and development.
Discuss four fiscal policy objectives with reference to India.
Explain the state's role in achieving the objective of social justice in less developed countries.
