Question

what is the difference between income and salary​

Answer 1

Answer:

Income is what you earn or the total earnings that you avail for any given duration. It can be from different sources i.e. investment, a property given on rent, business, etc.

Salary is the earnings that you get after working for any given job. ... Salary is usually what you are making from a specific job or place of work.

Answer 2

Explanation

Income is money (or some equivalent value) that an individual or business receives, usually in exchange for providing a good or service or through investing capital. Income is used to fund day-to-day expenditures. ... Business income can refer to a company's remaining revenues after paying all expenses and taxes.

A salary is a form of payment from an employer to an employee, which may be specified in an employment contract. ... In accounting, salaries are recorded on payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed