Net Income Vs Net Profit After Tax

Net income refers to the amount a person or business makes before taxes and other items are taken out of that money.
Net income vs net profit after tax. Total income less total non tax expenses. Net profit is the amount a business makes before taxes and other items are taken out yet with the amount that the business spent to make and distribute that product removed. It exists on several levels depending on what types of costs are deducted from revenue. Profit simply means the revenue that remains after expenses.
Net profit or net income before tax. The statement may simply say net income at this point. However it is important to understand different components that are included in each of these concepts since both provide various indications the key difference between net income and net profit is that net income is the funds available for shareholders after tax while net profit is the actual total profit earned by the company. Net income also known as net profit is a.