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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
Instruments of fiscal policy is:
Instrument 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 |
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Define a degressive tax.
Briefly explain why direct taxes foster civic consciousness among people.
Give two reasons why the government imposes tax?
How does the state fulfil the following socio-economic objective?
Environmental protection.
Define a tax.
Explain how indirect taxes can be made progressive.
