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Question
Which of the following taxes generate civic consciousness among people?
Options
GST
Custom duty
Income tax
Entertainment tax
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Solution
Income tax
Explanation:
Income tax is likely to generate civic consciousness among people because it directly involves citizens in the process of contributing to the nation's revenue.
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RELATED QUESTIONS
______ are those taxes which are paid by the same person on whom they have been imposed.
The government imposes tax ______.
Under ______ the rate of tax increases with rise in tax payer's income.
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
State the difference between income tax and expenditure tax.
Citing reason state the advantage of a progressive tax over proportional tax.
Give an example of Indirect tax.
State the four merits of a direct tax.
Differentiate between progressive and regressive taxes giving an example for each.
