Advertisements
Advertisements
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.
APPEARS IN
संबंधित प्रश्न
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Name any two instruments of Fiscal Policy.
Citing reason state the advantage of a direct tax over an indirect tax.
Give an example of Indirect tax.
State two drawbacks of direct taxes.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State two differences between income tax and commodity tax.
State the following:
Three demerits of an Indirect tax.
Explain the term Impact of a tax.
