Threshold example sentences

Two new taxes – the fringe benefits tax (on those benefits enjoyed collectively by the employees) and on cash withdrawals from banks over a certain threshold in a day – were introduced in the budget for 2005-0 The share of direct taxes in gross tax revenue has increased from 1 1 per cent in 1990-91 to 4 3 per cent in 2003-0 There has been a reduction in the share of indirect tax revenue, falling from 7 4 per cent in 1990-91 to 5 9 per cent in 2003-0 The redistribution objective is sought to be achieved through progressive income taxation, in which higher the income, higher is the tax rate.