Difference between Income and Salary
Difference between income and salary refer to all the money earned by an individual, including salaried as well as other sources of incomes such as investments, rental and business profits.
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Money, specifically refers to the compensation pay to an employee by their employer in exchange for their work.
It is usually a fix amount pay at regular intervals such as weekly or monthly, and may include bonuses or other incentives based on performance.
While money is a type of incomes, not all income is salaries. It can come from a variety of sources, including self-employment, investments, and rental amount, in addition to salaried earned through employment.
