How are the taxes are classified

1.	How are the taxes are classified
Answer» Explanation: According to another classification, TAXES can be progressive, proportional or REGRESSIVE. In case of proportional tax, the same RATE of the tax is charged, whatever be the MAGNITUDE of the base on which it is levied. ... 6,250 as the tax, and a person with income of 50,000 will pay RS. 12,500 as the tax.

Answer»

Explanation:

According to another classification, TAXES can be progressive, proportional or REGRESSIVE. In case of proportional tax, the same RATE of the tax is charged, whatever be the MAGNITUDE of the base on which it is levied. ... 6,250 as the tax, and a person with income of 50,000 will pay RS. 12,500 as the tax.

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How are the taxes are classified​

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How are the taxes are classified