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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?
व्याख्या
सविस्तर उत्तर
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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.
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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
The government imposes tax ______.
The major objective of monetary policy is ______.
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 |
What is meant by shifting of tax burden?
Give one example of progressive tax.
State two drawbacks of direct taxes.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Discuss four fiscal policy objectives with reference to India.
Explain the term Incidence of a tax.
Explain the significance of taxes.
