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प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
Identify which of the following option is correct?
Under ______ the rate of tax increases with rise in tax payer's income.
विकल्प
Progressive taxation
Proportional taxation
Regressive taxation
Digressive taxation
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उत्तर
Under Progressive taxation the rate of tax increases with rise in tax payer's income.
Explanation:
- Under progressive taxation, the rate of tax increases as the taxpayer's income rises.
- This means that individuals with higher incomes pay a higher percentage of their income in taxes, which is designed to reduce income inequality and ensure that those who have the ability to pay more do so.
संबंधित प्रश्न
Instruments of fiscal policy is:
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
Name any two instruments of Fiscal Policy.
State the difference between income tax and expenditure tax.
To which tax is this shifting of tax burden relevant?
Which one is better progressive or regressive taxation and why?
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the significance of taxes.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
