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प्रश्न
What are progressive taxes.
What are progressive taxation?
Define progressive taxation.
What is meant by progressive tax?
What is a progressive tax?
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उत्तर १
A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
उत्तर २
- A progressive tax is one in which the tax rate rises in proportion to the taxpayer's income. In this tax system, the tax rate increases with each rise in income. In other words, lesser income is taxed less, and higher income is taxed more.
- A progressive tax takes a bigger percentage of a person's income as their income increases. Individuals earning less than 5 lakh per year may be taxed at 10%, while those earning less than 10 lakh per year may be taxed at 30%, and so on.
- In the case of progressive taxation, the tax burden increases as income rises, not just in absolute terms (total tax amount) but also as a percentage of income.
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संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Which of these taxes is most likely to be progressive?
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 |
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Distinguish between fiscal policy and monetary policy.
State the difference between income tax and expenditure tax.
Classify the following type of tax into direct and indirect taxes:
Income tax
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
State the four merits of a direct tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
