Difference between tax and revenu.
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Answer:
Well yes, you have to know better that there is a remarkeble difference between Revenue and tax. If I have to conceal in a sentence then, when a charge is imposed on a citizen as a duty it is Tax, and when it is collected by the government it becomes it's Revenue.
Still we can elaborate it as follows...
Revenue is the receipt of the government in a whole. Whatever a government receives from an receivable sector or it realizes from an invested sector, the aggregate of all those over a period of time is known as revenue.
Tax is the duty imposed on a citizen by its government. Tax is just a charge not a collection because when it is collected it becomes revenue
Example - suppose the amount of tax is 1000 p.m. on a person then this amount is tax and the annual 12000 p.a. paid to government as tax is the revenue for the government.
Explanation:
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díffєrєncє вєtwєєn tαх rєvєnuє αnd nσn tαх rєvєnuє
tαх rєvєnuє ís chαrgєd σn íncσmє єαrnєd вч αn índívíduαl σr αn єntítч (dírєct tαх) αnd σn thє vαluє σf trαnsαctíσn σf gσσds αnd sєrvícєs (índírєct tαх). ... hσwєvєr, nσn-tαх rєvєnuє вєcσmєs pαчαвlє σnlч whєn sєrvícєs σffєrєd вч thє gσvєrnmєnt αrє αvαílєd.