Question

Tax revenue and Non-tax revenue​

Answer 1

Explanation:

Tax revenue is charged on income earned by an individual or an entity (direct tax) and on the value of transaction of goods and services (indirect tax). On the other hand, non-tax revenue is charged against services provided by the government.

Answer 2

$\huge \mathfrak \orange{ \underline{ \underline \blue{Answer}}} \green\downarrow$

$\mathscr \red{Tax \: \: Revenue} \blue\downarrow$

Tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes.

$\mathscr \pink{Non-tax \: \: Revenue} \purple\downarrow$

Non-Tax Revenue is the recurring income earned by the government from sources other than taxes. Description: The most important receipts under this head are interest receipts (received on loans given by the government to states, railways and others) and dividends and profits received from public sector companies.

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