Advertisements
Advertisements
Questions
Define a degressive tax.
Define digressive taxation.
Explain the following with examples:
Digressive tax
Definition
Explain
Advertisements
Solution
- Under this system, the rate of tax increases up upto a certain limit but after that, a uniform rate is charged.
- Income tax in India is an example of a digressive tax.
shaalaa.com
Role of State in Economic Development
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Instruments of fiscal policy is:
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
State the difference between income tax and expenditure tax.
To which tax is this shifting of tax burden relevant?
Classify the following type of tax into direct and indirect taxes:
Sales tax
What are progressive taxes.
Draw a neat labelled diagram for progressive taxation.
Three demerits of an Indirect tax.
