Thursday, August 17, 2023

Business

 Income  Sources💫💫💫💫💤💤💤

For most people, income means their total earnings in the form of wages and salaries, the return on their investments, pension distributions, and other receipts.


 interest, salary, wages, annuity, gain, return, earnings


Three of the main types of income are earned, passive and portfolio. Earned income includes wages, salary, tips and commissions. Passive or unearned income could come from rental properties, royalties and limited partnerships



  • Income from Salary. If you are a professional with a salary as your primary source of income, this head is primarily applicable to you. ...
  • Income from House Property. ...
  • Income from Capital Gains. ...
  • Income from Profits and Gains of Business/Profession. ...
  • Income from Other Sources.





Wages, salaries, self-employment earnings, Social Security benefits, pensions, retirement income, investment income, welfare payments, and income from other sources.

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