Answer:
Net revenue is your total revenue following taxation, exemptions, incentives and operating expenses.
Explanation:
step to calculate net annual income...
- First, calculate your total gross income (all revenue during the taxable year).
- Subtract all types of deductions during the year.
- Also, subtract any IRF (including medical and others).
- After this step, we get taxable income during the year.
- After this, we deduct income tax.
- by follow these steps we can get our Net taxable income during the year.
