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. To visit: https://www.incometax.gov.in Money, specifically refers to the compensation pay to an employee by their employer in exchange for their… Read More »
Net revenue and Gross profit Net revenue and gross profit are both important financial metrics that used to measure the financial performance of a business. However, they represent different aspects of a company’s financial picture. Net revenue is the total amount of revenue earned by a business after deducting any discounts, returns, and allowances from… Read More »
Difference land revenue and Land Tax Difference land revenue and Land Tax, It’s distinct terms used in the realm of land ownership and taxation. Land revenues denotes the payment made by the landowner to the government for utilizing and occupying the land. It is a periodic payment remitted by the landowner to the… Read More »
Net taxable income Net Taxable income represents the portion of income that is liable to taxation after considering all eligible deductions and exemptions. It is the income remaining after deducting allowable expenses like contributions to provident fund, investments in specified tax-saving schemes, medical expenses, and more from the gross income. To visit https://www.gst.gov.in/ To calculate… Read More »