Zoho Bookings & SalesIQ Alignment

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Income

Meaning: 

Income is defined as the money earned by an individual or business from various sources, such as salary, business profits, rent, interest, or dividends.

Example:

Income is crucial for supporting daily living and managing expenses.
It plays a key role in savings, investments, and overall financial planning.

How to understand Income :

A higher income indicates better financial health and greater purchasing power.
It is a significant factor in determining lifestyle choices and financial security.


Types of Income: 
Active Income:
Money earned from working, such as salary and business profits.

Passive Income:
Earnings from investments, like rent, dividends, and royalties.
Portfolio Income:
Profits from stocks and other investment gains.

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