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प्रश्न
What are progressive taxes.
What are progressive taxation?
Define progressive taxation.
What is meant by progressive tax?
उत्तर १
A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
उत्तर २
A tax, the rate of which increases with an increase in income and decreases with a fall in income, is called a progressive tax. Direct taxes are progressive in nature. Rich people are subjected to higher rates of taxes, while the poor are exempt from taxes.
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संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Instruments of fiscal policy is:
Instrument of monetary policy is:
Monetary policy means regulation of money supply by the monetary authority.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define Direct tax
Citing reason state the advantage of a progressive tax over proportional tax.
Give an example of Indirect tax.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain the significance of taxes.
