Advertisements
Advertisements
प्रश्न
Explain the term proportional taxation.
थोडक्यात उत्तर
Advertisements
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.
shaalaa.com
Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 10: Public Revenue - Exercise [पृष्ठ २१५]
संबंधित प्रश्न
The essential feature of a tax.
Instrument of monetary policy is:
Which of the statement is true for income tax?
Classify the following types of tax into direct and indirect taxes:
- Entertainment tax
- Income tax
- House tax
- Sales tax
Classify the following type of tax into direct and indirect taxes:
House tax
Briefly explain why direct taxes foster civic consciousness among people.
Give an example of Indirect tax.
State the four merits of a direct tax.
Define the following term:
Fiscal deficit
Explain how indirect taxes can be made progressive.
