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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
Which of the following is an advantage of direct taxes?
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Which of the following taxes generate civic consciousness among people?
Name any two instruments of Fiscal Policy.
State the difference between income tax and expenditure tax.
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Income tax
What are progressive taxes.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
How does the state fulfil the following socio-economic objective?
Environmental protection.
