Advertisements
Advertisements
Question
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Options
Progressive tax
Regressive tax
Direct tax
Proportional tax
Advertisements
Solution
Proportional tax
Explanation:
As with the Goods and Services Tax, the proportional tax rate remains constant regardless of the taxpayer's income.
APPEARS IN
RELATED QUESTIONS
Instrument of monetary policy is:
Which of the following taxes generate civic consciousness among people?
State two objectives of fiscal policy.
State the difference between income tax and expenditure tax.
What is meant by shifting of tax burden?
Briefly explain why direct taxes foster civic consciousness among people.
Explain clearly tour ways by which the state can promote economic growth and development.
State two differences between income tax and commodity tax.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain how indirect taxes can be made progressive.
