AThey are charged at higher rates than direct taxes
BThey are charged the same for all income groups
CThey are not charged the same for all income groups
DNone of the above is a correct reason
Related Questions:
Which among the following income tax rate is applicable to a normal resident individual
other than senior and super senior citizen in India at present?
(i) Up to Rs. 2,50,000 – Nil
(ii) Rs. 2,50,000 to Rs. 5,00,000 – 5%
(iii) Rs. 5,00,000 to Rs. 10,00,000 – 10%
(iv) Above Rs. 10,00,000 – 20%
Consider the following statements regarding the ‘Regressive taxation’:
I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.
II.For regressive taxation are not any permanent or specific sectors for such taxes.
III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.
Which of the following statement(s) is/are correct?
