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प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
Identify which of the following option is correct?
Under ______ the rate of tax increases with rise in tax payer's income.
विकल्प
Progressive taxation
Proportional taxation
Regressive taxation
Digressive taxation
उत्तर
Under Progressive taxation the rate of tax increases with rise in tax payer's income.
Explanation:
- Under progressive taxation, the rate of tax increases as the taxpayer's income rises.
- This means that individuals with higher incomes pay a higher percentage of their income in taxes, which is designed to reduce income inequality and ensure that those who have the ability to pay more do so.
संबंधित प्रश्न
The essential feature of a tax.
______ is an example of commercial revenues.
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Which of the statement is true for income tax?
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Classify the following type of tax into direct and indirect taxes:
Sales tax
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Discuss four fiscal policy objectives with reference to India.
