Question
Which among the following is a Progressive Tax?
Solution
Income tax is a progressive tax, meaning that the tax rate increases as a person's income increases. In a progressive tax system, individuals with higher incomes are subject to higher tax rates, which is designed to distribute the tax burden more equitably based on one's ability to pay.
Which of the following cities hosted the ‘Agro Tech India -Agri and Food Technology Fair’ in 2022?
India Post partnered with which mutual fund company to offer doorstep KYC services across the country?
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What is the authorized capital of CCIL IFSC Limited?
Who unveiled a statue of Chhatrapati Shivaji Maharaj in Kupwara, Jammu & Kashmir?
An autobiography “Resolved: Uniting Nations in a Divided World” is written by?
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National Youth Day is celebrated to commemorate the birth anniversary of Swami Vivekananda on____?
The Central government has released ____ as a monthly installment towards tax devolution to states.