The Indian income tax is :
1. direct
2. progressive
3. indirect
4. proportional

Related MCQs

• Which of the following statements about indirect taxes in India is/are true? 1. Yield from indirect taxes is much more than that from direct taxes 2. Indirect taxes have grown faster than direct taxes since independence 3. Indirect taxes are ultimately paid for by persons who do not actually pay the taxes to the Government 4. Increase in indirect taxes is a welcome feature in a developing country
• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
• A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]
• Put the main sources of revenue of the Central Government in ascending order of importance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
• In a country like India, why should an increase of direct taxes be preferred to an increase in indirect taxes?
• Which of the following is not an indirect tax?
• When the ratio of indirect taxes to total taxation revenue is very high, it leads to : 1. rise in the price level 2. higher taxation burden on the rich 3. higher taxation burden on the poor 4. fall in tax revenues
• Main bearers of the burden of indirect tax are:
• Which of the following is an indirect tax?
• Which of the following is not a direct tax?