Economy, asked by cuti34, 1 year ago

is gross income and total income is same​

Answers

Answered by vincy5418
2

Gross income usually means before expenses. Net incomemeans after expenses. ... In simple words it is the gross of all the types of income earned. But if you allow deductions from section 80C to 80U under the income tax act, the reduced income is called Total Income TI

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Answered by Anonymous
4

⤵HERE IS YOUR ANSWER MATE⤵

GROSS INCOEM AND TOTAL INCOME IS NOT THE SAME.

⏩⏩Gross income usually means before expenses. Net income means after expenses.In simple words it is the gross of all the types of income earned. But if you allow deductions from section 80C to 80U under the income tax act, the reduced income is called Total Income TI.

☺HOPE THIS ANSWER WILL HELP YOU ☺

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