Which of the following indicates/ indicate that an economy is following a system of progressive taxation?
1. Having only one rate for GST
2. Cess on income tax in the highest tax bracket
3. Tax exemption in low income bracket
Select the correct answer using the code given below:
Which of the following indicates/ indicate that an economy is following a system of progressive taxation?
1. Having only one rate for GST
2. Cess on income tax in the highest tax bracket
3. Tax exemption in low income bracket
Select the correct answer using the code given below:
Economy
Tax
Options
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