Advertisements
Advertisements
Question
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Options
Direct taxes
Indirect taxes
Progressive taxes
Proportional taxes
Advertisements
Solution
Taxes in which the rate of tax remains the same, though the tax bases changes are called Proportional taxes.
Explanation:
Proportional taxes are those in which the tax rate remains constant regardless of changes in the tax base. This means that everyone pays the same percentage of their income or wealth in taxes, regardless of how much they earn or own.
RELATED QUESTIONS
The essential feature of a tax.
Under ______ the rate of tax increases with rise in tax payer's income.
Fiscal policy means public expenditure and tax policy of the government.
Instrument of monetary 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 |
Wealth tax is an example of:
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
What are progressive taxes.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain the term Incidence of a tax.
