What is the meaning of Income?

In the broadest tax sense,' Income' is the gain derived from capital, labor or a combination of the two. For income tax purposes, the word generally is used in conjunction with other terms, such as taxable income, gross income, adjusted gross income, excludable income, etc.

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APABarry Goldsmith. (2010). income. Retrieved September 26, 2026, from http://smartdefine.org/income/definitions/1155848
ChicagoBarry Goldsmith. 2010. "income" http://smartdefine.org/income/definitions/1155848 (accessed September 26, 2026).
HarvardBarry Goldsmith 2010, income, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/income/definitions/1155848>.
MLABarry Goldsmith. "income" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/income/definitions/1155848>
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