Indian Taxation System
Economics ⇒ Indian Economy
Indian Taxation System starts at 11 and continues till grade 12.
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See sample questions for grade 12
A person earns a salary of Rs. 6,00,000 per annum. If the income tax rate is 10% for income up to Rs. 5,00,000 and 20% for income above Rs. 5,00,000, calculate the total tax payable.
Describe the concept of progressive taxation with an example.
Describe the main features of the Goods and Services Tax (GST) in India.
Explain the concept of 'double taxation'.
Explain the concept of 'tax base' with an example.
Explain the concept of 'tax elasticity'.
Explain the difference between direct and indirect taxes with examples.
Explain the difference between proportional, progressive, and regressive taxes.
Explain the term 'tax incidence'.
What is the main difference between tax evasion and tax avoidance?
What is the main objective of the Indian taxation system?
What is the main purpose of imposing customs duty?
