Question

Discuss the different types of income.

Answer 1

Answer:

But on what basis we discuss it plzz tell in next one

Answer 2

There are 3 different types of income. Those are discussed in the following points.

1) Active income: Income for which we have already performed the services. For eg: salaries, commissions etc.

2) Passive income: Income which is recieved on a regular basis but no active work is done for the income. For eg: income derived from real estate or a property. For this type of income, it requires a good amount of initial effort.

3) Portfolio income: This type of income include income from investments including dividend.