Question

what is the difference between income tax and excise duty
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Answer 1

Answer:

hii

Explanation:

Income tax is imposed on a person's income while excise tax is imposed on a Country's produced goods. ... Income tax are directly paid by the those who owe them while excise tax are often added to the price of goods.

Answer 2

Answer:

Income Tax :-

1. It is imposed on person's income .
2. It is a direct tax .
3. In this the person who owns have to pay the tax .
4. Ex :- Business

Excise Tax :-

1. It is imposed on a country's produced goods .
2. It is a indirect tax .
3. In this the tax is added to the produced goods .
4. Ex :- Alcohol