Zoho Bookings & SalesIQ Alignment

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Income

Meaning:

Income refers to the money earned by a person or business from various sources, including salary, business profits, rent, interest, or dividends.

Example:

It supports daily living and helps cover expenses.
It is essential for saving, investing, and planning for the future.

How to understand Income:

A higher income can improve lifestyle and increase purchasing power.
Income is an indicator of the financial health of individuals and businesses.

Uses of Income:

Income is used to pay monthly expenses, bills, EMIs (Equated Monthly Installments), save for future needs, expand businesses, and pay taxes.

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