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Questions
What is a degressive tax?
What is meant by digressive tax system?
Short Note
Solution
Under this system, the rate of tax increases slowly (slowly progressive) up to a certain point, and after that point, the tax is charged at a flat rate. Income tax in India is a digressive tax.
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Other Kinds of Taxes - Concept for Digressive Tax
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Chapter 10: Public Revenue - Exercise [Page 176]
