What is different between tax and …
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Yogita Ingle 5 years, 1 month ago
Fee
Tax
A fee is imposed for a specific reason. For instance, the school management imposes a fee for admission of a student to the school.
Tax has no specific reason. Sales tax is imposed on a commodity without stating any special benefit on purchase of the commodity.
A fee is not a compulsory payment towards the government. There will not be any legal punishment against the non-payment of a fee.
Tax is a compulsory payment made by people to the government. There will be legal punishment against the non-payment of a tax.
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