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प्रश्न
Which of the statement is true for income tax?
पर्याय
It is regressive by nature.
It is an example of indirect tax.
Impact and incidence of the tax lies on the same person.
Impact and incidence of the tax lies on the different persons.
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उत्तर
Impact and incidence of the tax lies on the same person.
Explanation:
Income tax is a direct tax, which means that the impact and incidence fall on the same person.
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संबंधित प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Wealth tax is an example of:
Define a degressive tax.
Classify the following types of tax into direct and indirect taxes:
- Entertainment tax
- Income tax
- House tax
- Sales tax
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State three demerits of an Indirect tax.
Explain the term Incidence of a tax.
Explain how indirect taxes can be made progressive.
