What is the difference between income tax and excise duty?

Basis

Income tax

Excise duty

Meaning

These are the tax at a fixed rate which is levied on the individual income or wages earned.

It is levied on the goods that are produced within the domestic territory.

Form

It is the form of direct tax

It is the form of indirect tax

Burden

The tax burden is borne by the person itself, and he pays the tax amount.

The tax burden is transferred to those who by the commodity by adding the duty to the price of the commodity.