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What is the difference between sales and income tax?

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Question added by Tamara Ali , Sales Manager , Al Noor Systems for IT Solutions
Date Posted: 2018/10/23
Nishant Gaur
by Nishant Gaur , Area Manager - Sales , Berger Paints India Limited

Sales is the revenue generated by selling 1 unit of item / service provided against service issued to conumer wheras income tax is the amount which is imposed on income of any individual.

Income tax  - Individual(s).

Sales - Revenue generated by selling 1 unit of item. 

Sajit Thakali
by Sajit Thakali , Sales Representative , MetLife Nepal

Sales is the revenue generated by selling items or products. Income tax on the other hand is the tax imposed on one's income.

Sheikh  Twaha
by Sheikh Twaha , Sales Engineer , B P REFCOOL

Sale is a transaction between two parties where the buyer receives goods (tangible or intangible), services, and/or assets in exchange for money. It can also refer to an agreement between a buyer and seller on the price of a security. 

Income tax is a direct tax that you pay on your income.

 

Eslam El Attar
by Eslam El Attar , Store Manager , Orange Egypt

It is different from the income tax because the income tax is directly taxed by the government to the individual and receive it as part of his income and different part is cut from one individual to another according to the individual

NARAYANASWAMY SANTHOSH
by NARAYANASWAMY SANTHOSH , Regional Business Manager South , Johnson and Johnson Private Limited

Sales is selling of any goods, which has transactional value attached to it.

Income tax - tax levied on income directly or indirectly

Yousef Al-Omour
by Yousef Al-Omour , HR Manager , Al-Sadat & Al-Hendi Exchange Company

Sales are all activities related to selling goods or services in a given time period.

Income tax is a certain percentage of the income that to be paid regularly to the government.

sreekumar cheruvara
by sreekumar cheruvara , Marketing officer , Carries Pipes and Tubes Pvt LTD

Sales means exchange of goods or service for money.

Income Tax means the direct tax that you can pay on your incom.

GOPI NATH
by GOPI NATH , SALES & MARKETING , GOPINATH. MP

sales tax collected from the customer collected by merchants and remit back to the Government

income tax is a direct tax paid on ur income

sales and income tax are decided and administred by the Government .

pallavi badola
by pallavi badola , Service sales Executive , Lumenis India Pvt. Ltd

SALES IS LIKE SALLEING GOODS OR SERVICES ANd after that generating revenue for country 

حازم بلابل
by حازم بلابل , manager , al yamama

Tax on sales is the name of the general tax on sales, which is an indirect tax

The government to impose it on the final consumer and get it from the factory or supplier, which in turn imposed on the next to him until the final consumer

It is different from the income tax because the income tax is directly taxed by the government to the individual and receive it as part of his income and different part is cut from one individual to another according to the individual

Meshal Alnefaie CFE
by Meshal Alnefaie CFE , Assistant | Internal Audit, Risk, Compliance & Governance Services , AIGC

Sales are activities selling number of goods or services sold in a certain time period

Income Tax means the percentages tax multiplied by the income - total income these known as Net income 

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