A progressive tax is one in which

the rate of tax rises as income risesCorrect answerYour answerthe rate is the same at every incomeCorrect answerYour answerthe rate falls as income risesCorrect answerYour answeronly the poor pay taxCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

India's income tax slabs charge higher rates on higher incomes, which helps redistribution.

Concept: Progressive taxation
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsDirect and indirect taxes

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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

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A progressive tax is one in which

Explanation