In order to calculate a customer's ability to pay, disability payments shall be analyzed by creating an income or a debt ratio.
A payment which is received by an individual on account of not being able to work or provide his services due to the illness, or any medical conditions as such, is known as a disability payment.
The disability payments are non-taxable, which means that a person is not liable to pay taxes over the income made through disability payments during the taxable year.
Hence, the significance of disability payments is given above.
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