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Question
______ are those taxes which are paid by the same person on whom they have been imposed.
Options
Proportional tax
Progressive taxes
Direct taxes
Indirect taxes
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Solution
Direct taxes are those taxes which are paid by the same person on whom they have been imposed.
Explanation:
- Direct taxes are those taxes which are paid by the same person on whom they have been imposed.
- Examples include income tax, property tax, and corporate tax, where the individual or entity directly pays the tax to the government without it being passed on to others.
RELATED QUESTIONS
The government imposes tax ______.
Fiscal policy means public expenditure and tax policy of the government.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
To which tax is this shifting of tax burden relevant?
Classify the following type of tax into direct and indirect taxes:
Income tax
Classify the following type of tax into direct and indirect taxes:
House tax
Give two reasons why the government imposes tax?
State two differences between income tax and commodity tax.
Explain the term Impact of a tax.
Define the following term:
Fiscal deficit
