Finances

Life Insurance vs General Insurance

Life Insurance vs General Insurance
Life Insurance and General Insurance are two different types of insurances. The primary difference between is that life insurance protects against life, whereas general insurance protects against loss or...

Cash Credit vs Overdraft

Cash Credit vs Overdraft
Cash Credit and Overdraft are types of credit that businesses can avail from a bank or similar institutions. The main difference between Cash Credit and Overdraft is that overdraft is extended on an existing...

Fiscal Year vs Financial Year

Fiscal Year vs Financial Year
The terms Fiscal Year and Financial Year are synonymous, i.e. meaning the same thing. They are a period that governments use for accounting and budget purposes. However, they are also the duration on which tax...

Tax Exemption vs Tax Deduction vs Tax Rebate

Tax Exemption vs Tax Deduction vs Tax Rebate
A tax exemption exempts certain things, so that no tax must be paid on it. Tax deduction is an amount that is deducted from the total income of the person. Tax rebate, also known as tax refund, is a refund of...

Tax Credit vs Tax Deduction

Tax Credit vs Tax Deduction
The tax credit is an amount that is deducted from the amount of tax that is to be paid by a person, whereas the tax deduction is an amount that is deducted from the total income of the person; as the total...

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