The income earned by the government through the tax imposed on different fields is called revenue.
The differences between tax revenue and non tax revenue are presented in a table below:
Tax Revenue | Non-Tax Revenue |
The government income through the tax is called tax revenue. | The government income through other sources except tax is called non-tax revenue. |
Custom, excise duty, tax on consumption, production of goods and services and land tax and registration, tax on property, profit and income are main source of it. | Gifts and grants, fines and penalties, fees, property without decedents or income from public property etc are main sources of it. |
It is the most reliable and regular economic source of the government. | It is the alternative source of income of the government. |
Tax revenue is of two types i.e. direct tax and indirect tax. | Non tax revenue does not have types. |
It can be estimated. | It cannot be estimated. |