Question

Explain about the tax!!!!​

Answer 1

tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. ... Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.

Answer 2

Answer:

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• A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.
• There are two types of taxes namely, direct taxes and indirect taxes. The implementation of both the taxes differs. You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc.