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You might think it would be fair for everyone to pay the same amount of tax. Consider the following three prople :PersonWorkEarning per month (in Rupees)Tax as fixe amount per month(in Rupees)JoytiDaily wage labourer150050AsifSchool teacher800050NitheshBusiness30,00050Would it really be fair if each of the three people has to pay the same amount? If Jyoti cannot even afford to feed her children properly, is it fair for her to pay 50 rupees as tax? |
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Answer» According to the rules of income tax, those with higher incomes have to pay greater part in tax. Those with less well-off pay have to pay lower taxes. In the above example, Jyothi, Asif, and Nithesh are paying same tax of Rs. 50/- though their incomes vary a lot. Hence this type of taxation is not fair. |
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