MPSC PYQEconomicsenglish
Which of the following is/are characteristics of 'Ability to pay Principle'? (a) High income earners and wealthier individuals should pay more income tax. (b) Low income earners and poor peoples are exempted from paying income tax.
A.Only (a)
B.Only (b)
C.Both (a) and (b)
D.None of these
Correct answer: C