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प्रश्न
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
पर्याय
Progressive taxation
Regressive taxation
Proportional taxation
Degressive taxation
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उत्तर
Proportional taxation
Explanation:
- The table shows a proportional tax system. In this system, the tax rate stays at 8% regardless how large the tax base is (₹ 10,000, ₹ 20,000, ₹ 30,000, or ₹ 40,000).
- In a balanced tax system, everyone pays the same amount of their income, no matter how much they make. In other words, the tax rate stays the same regardless of how much cash is made or how much tax is collected.
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संबंधित प्रश्न
The state can promote economic development by ______.
The major objective of monetary policy is ______.
Which of the statement is true for income tax?
Distinguish between fiscal policy and monetary policy.
Citing reason state the advantage of a direct tax over an indirect tax.
Classify the following type of tax into direct and indirect taxes:
House tax
Which one is better progressive or regressive taxation and why?
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State the four merits of a direct tax.
Explain how indirect taxes can be made progressive.
