Which among the following is/are not a progressive tax? a) Income tax b) Customs duty c) GST d) Sales tax
Customs duty, GST and sales tax are not progressive taxes in the usual classification. Their rates do not rise with the taxpayer's income, whereas individual income tax uses…
Choose your answer
Which among the following is/are not a progressive tax?
a) Income tax
b) Customs duty
c) GST
d) Sales tax
Answer and explanation
Correct answer C
Customs duty, GST and sales tax are not progressive taxes in the usual classification. Their rates do not rise with the taxpayer's income, whereas individual income tax uses rising marginal rates across income slabs.
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Karnataka SET (KSET)