MAKING OF A NEW NATION 1776 1800
THE FRENCH REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the tax system was unfair to the Third Estate
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Only the First and Second Estate had privileges
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both of these are true
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neither of these are true
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Detailed explanation-1: -Old vs New: A Comparison For Different Slabs Taxpayers with annual income between RS.5 lakhs to Rs.10 lakhs are taxed at 20%, under the old regime. And in the new regime, they will be taxed at half that rate i.e. 10%. Also, those with an annual income of Rs.7.5 lakhs to Rs.10 lakhs will have to pay a 15% income tax.
Detailed explanation-2: -If you have an income of Rs 10 lakhs, the old tax regime will benefit you only if you have made tax savings investments (deductions other than standard deductions) of over Rs 2, 62, 500. If these deductions are less than Rs 2, 62, 500, then the new regime will be better for you.
Detailed explanation-3: -Does the old income tax regime give an opportunity to save higher taxes as the income level goes up from Rs 9 lakh per annum to Rs 12 lakh per annum? The answer is yes, but it will largely depend on your ability to utilise various deductions under the old tax regime.
Detailed explanation-4: -Explanation: Under the regime, everyone was a subject of the king of France as well as a member of an estate and province. All rights and status flowed from the social institutions, divided into three orders: clergy, nobility, and others (the Third Estate). There was no national citizenship.