What is the difference between first and third angle

projection?

Any space can be divided into 4 quadrants basically using two mutually
perpendicular planes - the horizontal plane(HP) and the vertical plane(VP). These
planes are considered to be transparent and to be of infinite size. 
In first angle projections, the object is considered to be in front of VP and above
HP. Hence the top view or plan of the object will be obtained below the reference
line and the front view or elevation above the reference line. 
In third angle projections, the object is said to be behind VP and below HP. hence
the top view or plan will be obtained above the reference line and the elevation
below the reference line.