10.2 Family Income
Chapter 10: Financial Management and Planning · HOME SCIENCE · EN medium
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. Family Income Family income means the sum total of the income of all types and from all sources of all the family members in a given time period. It can be annual, monthly, weekly or daily income. However, for official purposes, it is considered as the annual income in a financial year which is generally from 1st April to 31st March of the next year. Income may be in the form of Wages Salary Profits from business Commissions Rent from properties Interest on cash loans Dividends Pensions Gifts Royalties Tips and donations Bonus Subsidies, Charities, etc. Participate in a group discussion in your class on “Communication Technology – a curse or a boon?”
📖 class 11 home science ncert book chapter 10 · Page 3
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. Family Income Family income means the sum total of the income of all types and from all sources of all the family members in a given time period. It can be annual, monthly, weekly or daily income. However, for official purposes, it is considered as the annual income in a financial year which is generally from 1st April to 31st March of the next year.
Income may be in the form of Wages Salary Profits from business Commissions Rent from properties Interest on cash loans Dividends Pensions Gifts Royalties Tips and donations Bonus Subsidies, Charities, etc. Participate in a group discussion in your class on “Communication Technology – a curse or a boon?”
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