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प्रश्न
Explain the term proportional taxation.
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उत्तर
- Under the proportional tax system, all incomes are taxed at a uniform rate.
- In other words, a proportional tax (also referred to as a flat tax) is one in which the rate of tax remains the same.
- Corporation tax is an example of proportional tax in India where the government charges a flat rate of 30% on the income earned by the companies.
संबंधित प्रश्न
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Classify the following type of tax into direct and indirect taxes:
Sales tax
What is meant by regressive taxation?
Which one is better progressive or regressive taxation and why?
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain the following with examples:
Progressive tax
Give two examples of direct taxes.
Define the following term:
Fiscal deficit
