Question

Differentiate between tax revenue and non-tax revenue.

Giving examples differentiate between tax revenue and non-tax revenue.

Answer 1

Tax revenue	Non-tax revenue
Tax revenue consists of the proceeds of taxes and other duties levied by the government.	Non-tax revenues are all government revenue receipts other than taxes.
Examples: Personal income tax GST Wealth tax Estate duty Excise Duty	Examples: Interest receipts on loans advanced by the Central Government Dividends and profits on investment made by the Central Government Fees, fines and penalties