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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
Which of the following is an advantage of direct taxes?
Instrument of monetary policy is:
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Which of the statement is true for income tax?
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
State two objectives of fiscal policy.
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:
Entertainment tax
Draw a neat labelled diagram for progressive taxation.
How does the state fulfil the following socio-economic objective?
Environmental protection.
