Q.Write any three characteristics of Tax.

A tax is a compulsory payment to the government, with no direct return to the payer, levied for the common benefit of society.

In the Tamil Nadu HSC Commerce syllabus (Fiscal Economics — Public Revenue), the characteristics of a tax are:

• Compulsory payment: A tax is a compulsory contribution imposed by the government; refusal to pay is punishable by law.
• No direct benefit (no quid pro quo): The taxpayer cannot demand any direct or proportionate service or benefit in return for the tax paid.
• Levied by government for public purpose: Only the government can levy taxes, and the proceeds are used for the common benefit of society (public expenditure). …