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Reducing inequalities is an objective of Indian Five year plans. Observe the following tax proportions in the total tax revenue.
| Ratio | Direct tax | Indirect tax |
| A | 80 | 20 |
| B | 50 | 50 |
| C | 20 | 80 |
1. Which of the above tax proportions help to reduce the economic inequality in society? How?
2. Direct taxes are progressive and indirect are regressive in nature substantiate.
Reducing inequalities is an objective of Indian Five year plans. Observe the following tax proportions in the total tax revenue.
| Ratio | Direct tax | Indirect tax |
| A | 80 | 20 |
| B | 50 | 50 |
| C | 20 | 80 |
1. Which of the above tax proportions help to reduce the economic inequality in society? How?
2. Direct taxes are progressive and indirect are regressive in nature substantiate.
1. A, The higher income group contribute more.
2. In progressive taxes more income contributed by the richer sections In regressive taxes more income contributed by the poor sections.