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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 essential feature of a tax.
Under ______ the rate of tax increases with rise in tax payer's income.
Define fiscal policy.
Briefly explain why direct taxes foster civic consciousness among people.
Give two reasons why the government imposes tax?
State two drawbacks of direct taxes.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
State three demerits of an Indirect tax.
Give two examples of direct taxes.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
