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प्रश्न
Give one example of progressive tax.
Give an example of progressive tax.
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उत्तर १
An example of a progressive tax is income tax.
उत्तर २
In India, there is no tax up to an annual income of ₹ 2,50,000, but the rate of income tax increases with an increase in income. It is 10% on incomes between ₹ 2,50,001 and 5,00,000; 20% on incomes between ₹ 5,00,001 and 10,00,000; and 30% on incomes above ₹ 10,00,000.
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संबंधित प्रश्न
The major objective of monetary policy is ______.
Name any two instruments of Fiscal Policy.
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
State two objectives of fiscal policy.
Define direct tax
State the difference between income tax and expenditure tax.
Define a degressive tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
Briefly explain why direct taxes foster civic consciousness among people.
Draw a neat labelled diagram for progressive taxation.
