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प्रश्न
Explain the term proportional taxation.
संक्षेप में उत्तर
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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.
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Role of State in Economic Development
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 10: Public Revenue - Exercise [पृष्ठ २१५]
संबंधित प्रश्न
______ is an example of commercial revenues.
Fiscal policy means public expenditure and tax policy of the government.
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 : ______.
Define fiscal policy.
Define Indirect tax
What are progressive taxes.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
State three demerits of an Indirect tax.
Explain the term Impact of a tax.
