1. Progressive tax |
2. Proportional tax |
3. Regressive tax |
4. Indirect tax |
A) 1 only
B) 2 only
C) 3 only
D) 1, 2 and 4
Correct Answer: A
Solution :
Income tax is a progressive tax as it has exemptions for very small incomes, low rates for the first slab of taxable income, and higher rates for the largest incomesYou need to login to perform this action.
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