Advertisements
Advertisements
प्रश्न
Give one example of progressive tax.
Give an example of progressive tax.
उत्तर १
An example of a progressive tax is income tax.
उत्तर २
In India, there is no tax up to an annual income of ₹ 2,50,000, but the rate of income tax increases with an increase in income. It is 10% on incomes between ₹ 2,50,001 and 5,00,000; 20% on incomes between ₹ 5,00,001 and 10,00,000; and 30% on incomes above ₹ 10,00,000.
APPEARS IN
संबंधित प्रश्न
The essential feature of a tax.
The major objective of monetary policy is ______.
Which of these taxes is most likely to be progressive?
Wealth tax is an example of:
Define fiscal policy.
State the difference between income tax and expenditure tax.
What is meant by shifting of tax burden?
Explain how indirect taxes can be inflationary.
Which one is better progressive or regressive taxation and why?
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
