It is a tax which is levied at the same rate all income levels.

Related MCQs

• It is a tax which is levied at the same rate at all income levels.
• Goods and Service Tax, would replace which of the following taxes levied at present?
• The tax levied by Local Governments i.e. Municipal Corporations and municipalities is               .
• Base rate is the rate below which no bank can allow their lending to anyone. Who sets-up ‗Base rate‘ for banks?
• Base Rate is the rate below which no Bank can allow their lending to anyone. Who will fix this ‗Base Rate‘ for Banks?
• Goods and services tax would replace which tax?
• The tax payers data flows directly from banks to Tax Information Network (TIN). Who maintains TIN?
• PAN card issued by the income tax department cannot be used for which of the following purpose?
• Section 80E of the Income Tax Act provides for deduction of interest paid on Education or study loan taken for higher education. Deduction under section 80E is available for            
• Usually, the validity period of an Income Tax Refund Order is?