Income, also known as earnings or profits, is money that a person or a business receives in return for working, providing a product or service, or investing capital. It may also derive from a pension, a government benefit, or a gift. It’s the result of deducting the cost and expenses from revenue
Revenue-cost and expenses= profit
There are different types of incomes like operating income, non-operating income, net income, pretax income, or gross profits. Each type of income takes some specific revenues and expenses.