Question

what is the difference between income tax and excise duty ?

Answer 1

Excise Duty is an indirect tax levied on production of goods that are manufactured and produced within India. ... Please Note: One should not be confused between excise tax and customs duty as excise duty is levied on goods produced inside the country of India whereas custom duty is charged on good produced abroad.

Answer 2

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1. Income tax is levied on the individual earnings of people

2. excise duty is levied on goods manufactured in industries and factories.