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प्रश्न
Define a degressive tax.
Define digressive taxation.
Explain the following with examples:
Digressive tax
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उत्तर
- Under this system, the rate of tax increases up upto a certain limit but after that, a uniform rate is charged.
- Income tax in India is an example of a digressive tax.
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संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Name any two instruments of Fiscal Policy.
Define Indirect tax
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Citing reason state the advantage of a progressive tax over proportional tax.
Give one example of progressive tax.
Draw a neat labelled diagram for progressive taxation.
State two differences between income tax and commodity tax.
Explain briefly two merits of indirect tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
