CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
3
You visited us 3 times! Enjoying our articles? Unlock Full Access!
Question

A tax whose rate remains the same irrespective of the increase in income level.


A

Advalorem tax

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

Progressive tax

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Specific tax

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Proportional tax

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D

Proportional tax


Under the proportional tax system all tax payers pay an equal proportion of income in the form taxes.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Goods and Services Tax
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon