Advertisements
Advertisements
प्रश्न
Give one example of progressive tax.
Give an example of progressive tax.
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
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.
Name any two instruments of Fiscal Policy.
'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:
Income tax
Classify the following type of tax into direct and indirect taxes:
House tax
Discuss four fiscal policy objectives with reference to India.
State the four merits of a direct tax.
Three demerits of an Indirect tax.
Explain the term Incidence of a tax.
