Tax revenue is the revenue that arises on account of taxes levied by the government. Taxes are of two types: direct taxes and indirect taxes. Direct taxes are those taxes levied immediately on the property and income of persons income tax, corporate tax, wealth tax whereas indirect taxes are the taxes levied on the production and sale of goods like sale taxes, excise duty etc. Administrative revenue is revenue that arises on account of the administrative function of the government. It includes (a) Fees(college/school) (b) License fees paid to get permission to perform a service (c) Fines and penalties etc.
How tax revenue is different from administrative revenue?
Answers
Abhaya Babbar
Tax revenue is the revenue that arises on account of taxes levied by the government. Taxes are of two types: direct taxes and indirect taxes. Direct taxes are those taxes levied immediately on the property and income of persons income tax, corporate tax, wealth tax whereas indirect taxes are the taxes levied on the production and sale of goods like sale taxes, excise duty etc. Administrative revenue is revenue that arises on account of the administrative function of the government. It includes
(a) Fees(college/school) (b) License fees paid to get permission to perform a service (c) Fines and penalties etc.