Question

what is the difference between income tax and excise

Answer 1

An income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction

An excise or excise tax is any duty on manufactured goods which is levied at the moment of manufacture, rather than at sale

Answer 2

1.Income tax is imposed on a person's income while excise tax is imposed on a Country's produced goods.

2.Income tax is direct on the other hand excise is indirect.

3.Income tax are directly paid by the those who owe them while excise tax are often added to the price of goods.

PEACE