which tax system is india following either progressive or regressive or proportional ???
1 Replies
manpreet singh
(student)
(43 Points)
Replied 26 February 2014
income tax schemes are progressive as they increase with the percentage of income rises. In contrast property and sales taxes, excise tend to be regressive in nature as they make everybody pay the same flat rate.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
