Dec 16, 2020 00:57
3 yrs ago
1 viewer *
English term

lump-sum tax

GBK English to Punjabi Bus/Financial Finance (general)
Definition from The Economist:
A tax that is the same amount for everybody, regardless of income or wealth. Some economists argue that this is the most efficient form of TAXATION, as it does not distort incentives and thus it has no DEADWEIGHT COST. This is because each person knows that whatever they do they will have to pay the same amount. It is also cheap to administer, as there is no complex process of measuring each person's INCOME and ASSETS in order to calculate their tax bill.
Example sentences:
The lump-sum tax system is superior if there are no errors in classifying individuals but, when enough mistakes are made, income taxation may be the preferred system. (Science Direct)
Iowa lump-sum tax applies only if federal form 4972 was used to compute the federal tax on any portion of the lump-sum distribution. (Iowa Department of Revenue)
The lump-sum tax is calculated upon the annual expenses borne by the applicant individual considering his or her standard of living, as well as by those people he or she takes care of. These expenses represent the taxable base for the computation of the tax due. (modaq)
Proposed translations (Punjabi)
5 ਇਕਮੁਸ਼ਤ ਟੈਕਸ
Change log

Nov 30, 2020 20:33: changed "Kudoz queue" from "In queue" to "Public"

Dec 16, 2020 00:57: changed "Stage" from "Preparation" to "Submission"

Dec 19, 2020 01:57: changed "Stage" from "Submission" to "Selection"

Dec 26, 2020 01:54:

Jan 15, 2021 01:54:

Feb 14, 2021 01:56:

Proposed translations

60 days

ਇਕਮੁਸ਼ਤ ਟੈਕਸ

Definition from own experience or research:
ਇਕਮੁਸ਼ਤ ਟੈਕਸ ਦਾ ਅਰਖ ਹੈ ਬਹੁਤ ਸਾਰੀਆਂ ਥੋੜ੍ਹੀਆਂ ਰਕਮਾਂ ਦੀ ਬਜਾਏ ਟੈਕਸ ਦੀ ਰਕਮ ਇਕ ਵਾਰ ਵਿਚ ਅਦਾ ਕਰਨਾ
Example sentences:
31 ਮਈ ਤੋਂ ਪਹਿਲਾਂ ਇਕਮੁਸ਼ਤ ਟੈਕਸ ਜਮਾਂ ਕਰਾਉਣ 'ਤੇ ਵਿਆਜ਼ ਅਤੇ ਪਨੈਲਟੀ ਤੋਂ ਛੋਟ ਅਤੇ 10 ਫੀਸਦੀ ਰਿਬੇਟ ਵੀ ਮਿਲਦੀ (Punjab Government website)
ਪਿਛਲੇ ਮਾਲਕ ਦੀ ਮੌਤ ਅਤੇ ਫਿਰ ਨਾਮਜ਼ਦ ਵਿਅਕਤੀ ਨੂੰ ਵਾਹਨ ਤਬਦੀਲ ਕਰਨ 'ਤੇ ਵਾਹਨ ਦੇ ਇਕਮੁਸ਼ਤ ਟੈਕਸ ਦੇ 10% ਟੈਕਸ ਲਗਾਇਆ ਜਾਵੇਗਾ. (Fincash)
ਇਕਮੁਸ਼ਤ ਟੈਕਸ ਭਰਕੇ ਪੇਪਰ ਮੁਕਤ ਹੋ ਜਾਣਗੇ ਵਪਾਰੀ (Punjabi Jagran newspaper)
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search