Learn what is annual income , explore the difference between gross and net income and understand how to calculate annual income using an example calculation. Annual income is the total value of income earned during a fiscal year. Gross annual income refers to all earnings before any deductions are Annual income is the total amount of money an individual or business earns in a year before taxes or deductions. It includes wages, salaries, interests earned, and business profits. Learn how to calculate annual income for salaried employees in India and the difference between gross and net annual income . Gross annual income meaning is the total amount of money earned in a single fiscal year before taxes and deductions. Lenders and landlords frequently use this income to decide whether an individual qualifies as a tenant or borrower.
