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प्रश्न
Explain the term proportional taxation.
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उत्तर
- Under the proportional tax system, all incomes are taxed at a uniform rate.
- In other words, a proportional tax (also referred to as a flat tax) is one in which the rate of tax remains the same.
- Corporation tax is an example of proportional tax in India where the government charges a flat rate of 30% on the income earned by the companies.
संबंधित प्रश्न
______ is an example of commercial revenues.
The government imposes tax ______.
Under ______ the rate of tax increases with rise in tax payer's income.
Instruments of fiscal policy is:
The major objective of monetary policy is ______.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an 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.
Classify the following type of tax into direct and indirect taxes:
House tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
Give two examples of direct taxes.
