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Q. Which of the following is an example of a progressive tax?
Answer: Income tax
Notes: Income tax was introduced in India in 1860 by Sir James Wilson. Income tax rates in India increase with higher income slabs as per the Finance Act. The income tax structure is defined in the Income Tax Act, 1961. Income tax collection is administered by the Central Board of Direct Taxes. A progressive tax system is implemented where tax liability rises as an individual's income increases, with no fixed single rate for all.
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📌 Question Number: 3 in 42. India's Tax Regime in the above course in App.

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