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...

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...

A tax is a form of fee that is levied on objects, such as income, sales, product, or activity. There are two main types of taxes: direct tax and indirect tax. A duty is basically a specific type of tax. Most...

A tax is a fee that is levied on a product, income, or activity. Cess is basically just another word for tax. Depending on the country and the tax in question, there can be no difference between a tax and a...

An invoice is basically a bill that lists the goods or services rendered and the cost of those goods or services. A receipt is an acknowledgement that the customer has paid his bill either in full or in part.