Question

Difference between income tax and excise duty

Answer 1

Answer:

The duty that is leived for goods manufactured inside the state can be called as excise duty.

An income tax is a tax imposed on individual or entities (that means taxpayers) that varies with respective income or profits.

Answer 2

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$\red\longmapsto\:$ Income tax is levied on the individual earnings of people.

$\red\longmapsto\:$ Excise duty is levied on goods manufactured in industries and factories.