IEcoS (Economic Services) Indian Economics Budgeting and Fiscal Policy-Tax, Expenditure, Budgetary Deficits Terms and Persons (Page 9 of 36)

IEcoS (Economic Services) Indian Economics- DoorstepTutor List of Programs

📹 Video Course 2024 (45 Lectures [19 hrs : 42 mins]): Offline Support

Rs. 120.00 -OR-

1 Month Validity (Multiple Devices)

Preview All LecturesDetails

🎓 Study Material (244 Notes): 2024-2025 Syllabus

Rs. 350.00 -OR-

3 Year Validity (Multiple Devices)

Topic-wise Notes & SampleDetails

🎯 123 Questions (& PYQs) with Full Explanations (2024-2025 Exam)

Rs. 450.00 -OR-

3 Year Validity (Multiple Devices)

CoverageDetailsSample Explanation

Help me Choose & Register (Watch Video) Already Subscribed?

Digressive Tax

Edit

Digressive tax is a mix of between the progressive tax and proportional tax. In the case of digressive tax, the tax rate is increased firstly with increase in income and then, the rate remains flat or constant with further increase in income.

Direct Tax

Edit

Direct tax is a tax that is imposed on the income, wealth, capital gains etc. , and is imposed based on the ability of the tax payer. For example, the income tax, capital gains tax, wealth tax, gift tax etc. Taxes on income, property, capital gains, wealth, expenditure, and gift are major direct taxes.

Divisible Pool

Edit

Divisible pool refers to the taxes of the central government that it should share with the sub national or state governments in accordance with the recommendations of the Finance Commission. At present, all taxes of the central government, except cess and surcharges are to be shared with the states.