What does the income tax law say about imposing income tax?

Charge higher tax from people with high income

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Charge low tax from people with high income

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Charge same tax from all the people

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Charge lower tax from people with less income

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Solution

The correct option is D Charge lower tax from people with less income
The government ensures fairness in imposing taxes. According to the income tax laws, higher tax rates are charged to those who earn more and less to those who earn less. This is known as the progressive taxation system.

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What does the income tax law say about imposing income tax?

The correct option is D Charge lower tax from people with less incomeThe government ensures fairness in imposing taxes. According to the income tax laws, higher tax rates are charged to those who earn more and less to those who earn less. This is known as the progressive taxation system.

The correct option is D Charge lower tax from people with less income
The government ensures fairness in imposing taxes. According to the income tax laws, higher tax rates are charged to those who earn more and less to those who earn less. This is known as the progressive taxation system.