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प्रश्न
Give one example of progressive tax.
Give an example of progressive tax.
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उत्तर १
An example of a progressive tax is income tax.
उत्तर २
In India, there is no tax up to an annual income of ₹ 2,50,000, but the rate of income tax increases with an increase in income. It is 10% on incomes between ₹ 2,50,001 and 5,00,000; 20% on incomes between ₹ 5,00,001 and 10,00,000; and 30% on incomes above ₹ 10,00,000.
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संबंधित प्रश्न
The essential feature of a tax.
Under ______ the rate of tax increases with rise in tax payer's income.
Instrument of monetary policy is:
The major objective of monetary policy is ______.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Distinguish between fiscal policy and monetary policy.
Citing reason state the advantage of a progressive tax over proportional tax.
Explain the term proportional taxation.
Explain the state's role in achieving the objective of social justice in less developed countries.
