wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is the difference between tax and payments?

Open in App
Solution

a)Tax is a compulsory payment whereas payment is voluntary.
b)Payment for getting any service gives direct benefits whereas payments for tax will not give any direct benefit.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Tax System in India
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon