Tax and two types of tax and examples

Tax:Tax is compulsory financial charge which is imposed on taxpayers by government 

Two types of tax:

1.indirect tax

2.Direct tax

Direct Tax: Taxes which are levied directly on individuals, firms and industries i.e levied directly by the taxpayers are called direct taxes.

For example : income tax, property tax, corporate tax etc 

Indirect tax: When tax is levied on goods and services without being directly levied on the taxpayers,it is called indirect tax 

For Example: sales tax,vat(value added tax)are examples of indirect tax