Progressive Tax System is that system in which what happens in the rate of tax if there is an increase in income?

Related MCQs

• If with the increase in income, the percentage of income collected as tax remains constant, tax will be called
• A progressive income tax implies that
• Progressive taxes:
• All type of income received to government is called .............. income.
• With a regressive tax, as income
• Agriculture income tax is a source of revenue to
• The Indian income tax is:
• The tax levied by the union government on income of individuals is known as
• The tax on net income of companies is
• Which of the following is not the rate of tax slab in the Union Budget 2020-21?