Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle . It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics. •       The ethical base of this principle rests on the assumption that one rupee paid in taxes by a rich person represents less sacrifice than does the same rupee tax paid by a poor man and that fairness demands equal sacrifice by both rich and poor in support of government. •       Example : Income tax- a progressive tax structure.
The Battle of Plassey was fought in:
What is the correct chronological sequence of the later Mughal emperors?
Bahadur Shah-I
Which of the following statements about Qutubuddin Aibak is INCORRECT?
I) He founded the Tughlaq dynasty in 1206.
II) He died playing polo...
Begum Hazrat Mahal was the consort of which Nawab of Awadh?
Who were 'Jagirdars' during the reign of Akbar?
Who was the father of Mughal Emperor Aurangzeb?
Match the columns.
Institutions                                                       Â...
'Nine Gems of the Court of Akbar' the one who was a reputed poet of Hindi, was
The establishment of "Diwan-i-Riyasat" by Alauddin Khilji was aimed at controlling which aspect of the economy?
Match List-I with List-II and select the correct answer using the codes given below the lists:
       List-I       Â...