What is the difference between income and profit?

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Income is the total receipts and profit is the net income after deducting expenditure and taxes from income
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Income means the total amount you earned through the operations whereas the profit means the excess of the earnings over the cost spent for earning the total amount
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Income is the total amount received by the business without deducting expenditure. Profit is the amount derived after deducting expenditure
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Income means what you earn as business or any other way say interest etc.profit is different from income.it is calculated by deducting all your expenses from income.for e.g ur business income is 50000 and your expenses of running business is 20000.then your profit will be 50000-20000=30000.
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