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प्रश्न
Explain the term proportional taxation.
थोडक्यात उत्तर
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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.
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Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
The essential feature of a tax.
Fiscal policy means public expenditure and tax policy of the government.
The major objective of monetary policy is ______.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
State two objectives of fiscal policy.
Distinguish between fiscal policy and monetary policy.
Classify the following type of tax into direct and indirect taxes:
Income tax
Which one is better progressive or regressive taxation and why?
Draw a neat labelled diagram for progressive taxation.
Explain the significance of taxes.
