Adulting Basics 101 (Finance):
Income
• Active – $ in from active work (salary/wages)
• Passive – $ in with little effort (dividend/rent)
• Portfolio – $ in from investments (stocks/bonds)
• Business – $ in from owning a business (profits)
• Freela
Can somebody pls explain me difference between universal basic income & universal high income?
2 replies3 likes
Sameer Patel
Stealth • 6m
Financial knowledge
Indian Tax slabs
Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown:
1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years.
2. 5% Tax: I
The 3 Streams Of Income
Rental Property:
From renting out property
Royalty Income:
From others using your work
Capital Gains:
When assets increase in value