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प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
Identify which of the following option is correct?
Under ______ the rate of tax increases with rise in tax payer's income.
पर्याय
Progressive taxation
Proportional taxation
Regressive taxation
Digressive taxation
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उत्तर
Under Progressive taxation the rate of tax increases with rise in tax payer's income.
Explanation:
- Under progressive taxation, the rate of tax increases as the taxpayer's income rises.
- This means that individuals with higher incomes pay a higher percentage of their income in taxes, which is designed to reduce income inequality and ensure that those who have the ability to pay more do so.
संबंधित प्रश्न
Fiscal policy means public expenditure and tax policy of the government.
Instrument of monetary policy is:
Monetary policy means regulation of money supply by the monetary authority.
Identify the tax which is most likely to faster civic conciousness.
Name any two instruments of Fiscal Policy.
Differentiate between direct and indirect taxes.
Citing reason state the advantage of a direct tax over an indirect tax.
To which tax is this shifting of tax burden relevant?
Classify the following type of tax into direct and indirect taxes:
Income tax
Give two examples of direct taxes.
