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प्रश्न
Differentiate between progressive taxation and proportional taxation.
Distinguish between proportional and progressive taxation
Distinguish between proportional and progressive taxation. Give examples.
उत्तर
| Progressive Taxation | Proportional Taxation |
| When the rate of tax rises as the taxpayer's income rises, the tax is said to be progressive. | A proportionate tax is one in which the tax rate remains constant regardless of income fluctuations. |
| High-income groups are taxed more heavily under this system, and vice versa. | This method of taxation applies the same percentage of tax to all income classes. |
| Examples: Flat income tax of 10% across all income levels. |
Examples: Income tax where 10% is charged on income up to ₹ 5 lakhs, 20% on ₹ 5-10 lakhs, and 30% above ₹ 10 lakhs. |
APPEARS IN
संबंधित प्रश्न
______ is paid to the Government by the recipient of gift depending on value of gift.
What is Goods and Service Tax?
Income tax was introduced in india for the first time in the year ______.
The act of GST was passed in the parliament on 29th March ______.
In India, almost all the direct taxes are collected by the ______.
Explain the following
Sales Tax or VAT
______ is imposed on the property of individuals depending upon the value of the property.
______ is a kind of tax imposed on the sale, manufacturing, and usage of goods and services.
Assertion (A): The rate of tax increases to a certain limit and then becomes constant.
Reason (R): This system is a combination of progressive tax and regressive tax.
The income tax slab rates are given below. Explain the types of taxation represented in slab 3 and slab 4.
- upto Rs. 1,60,000 = No tax.
- Rs. 1,60,001 to Rs. 5,00,000 = 10%
- Rs. 5,00,001 to Rs. 8,00,000 = 20%
- Above Rs. 8,00,000 = 30%
