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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
The government imposes tax ______.
Fiscal policy means public expenditure and tax policy of the government.
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 ______.
Which of these taxes is most likely to be progressive?
Define a degressive tax.
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Sales tax
What is meant by regressive taxation?
State the four merits of a direct tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
