imagine a situation, a salaried employee pays tax on his income. but later he has to also pay consumption tax on his expenses. isnt he taxed twice
Question
Solution 1
Yes, it may seem like the employee is being taxed twice - first on his income, and then on his consumption. However, these are two different types of taxes that serve different purposes.
- Income Tax: This is a direct tax that an individual pays on their earnings or income. The government uses thi Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
imagine a situation, a salaried employee pays tax on his income. but later he has to also pay consumption tax on his expenses. isnt he taxed twice
A man's Expenses on the vehicle is 2500 and this is 5 % of his income. Then Find his Income.
Assuming a unitary elastic demand and supply, a tax on the sellers of coffee will cause the price the buyer pays to and the price the seller receives to .
Bhushanʼs salary is ₹14,000. His new salary is ₹ 16,100.He received % increment on his salary.
A shopkeeper takes 10% profit on his goods. He lost 20% of his goods during atheft. What is his loss per cent?