BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A proportional tax is a type of income tax in which everyone pays the same percentage tax, regardless of their income. Low, middle, and high-income taxpayers all pay the same percentage of tax. Flat taxes are another name for proportional taxes.

Detailed explanation-2: -proportional tax-A tax that takes the same percentage of income from all income groups. regressive tax-A tax that takes a larger percentage of income from low-income groups than from high-income groups.

Detailed explanation-3: -Proportional taxes are when everyone pays the same tax rate, regardless of income. Sales taxes are typically regressive proportional taxes because everyone pays the same rate, regardless of income. For example, say Darnell and Myra buy the same TV for $1, 000 and each pay 7% in sales tax, which amounts to $70.

Detailed explanation-4: -India follows a progressive tax system. Under a progressive system, high-income earners pay more than low-income earners.

Detailed explanation-5: -The proportional tax rate has a constant slope, graphically, while the progressive tax rate has a rising positive slope. The steeper the slope of the tax line, the progressive the tax regime. The regressive tax rate line has a declining negative slope.