The Income Tax in India is1. Indirect and Progressive2. Indirect and P

1.	The Income Tax in India is1. Indirect and Progressive2. Indirect and Proportional3. Direct and Proportional4. Direct and Progressive
Answer» Correct Answer - Option 4 : Direct and Progressive The correct answer is Direct and Progressive. Income tax is a Direct tax. Direct taxes are progressive, because it is possible to help more people who do not earn as much, and at the same time, mobilize resources from those who earn well. This is what makes them progressive. This is the tax that is levied on the annual income or the profits which are directly paid to the government. Everyone who earns any kind of income is liable to pay income tax. A progressive tax imposes a higher rate on the rich than on the poor. It's based on the taxpayer's income or wealth. It's done to help lower-income families pay for basics like shelter, food, and transportation. A progressive tax allows them to spend a larger share of their incomes on the cost of living expenses. Examples of progressive tax include investment income taxes, tax on interest earned, rental earnings, estate tax, and tax credits.

The Income Tax in India is1. Indirect and Progressive2. Indirect and Proportional3. Direct and Proportional4. Direct and Progressive

Answer» Correct Answer - Option 4 : Direct and Progressive

The correct answer is Direct and Progressive.

Income tax is a Direct tax.
Direct taxes are progressive, because it is possible to help more people who do not earn as much, and at the same time, mobilize resources from those who earn well. This is what makes them progressive.
This is the tax that is levied on the annual income or the profits which are directly paid to the government.
Everyone who earns any kind of income is liable to pay income tax.
A progressive tax imposes a higher rate on the rich than on the poor. It's based on the taxpayer's income or wealth. It's done to help lower-income families pay for basics like shelter, food, and transportation.
A progressive tax allows them to spend a larger share of their incomes on the cost of living expenses.
Examples of progressive tax include investment income taxes, tax on interest earned, rental earnings, estate tax, and tax credits.