Business Standard
What is Household Income

Household Income

About Household Income

What is Household Income

Household income is the combined net income of all members of a particular household above a set age limit. It is not necessary for individuals in question to be related in any way to be considered members of the same household. Household income serves as an essential risk measure for lenders who use it for underwriting loans, as well as a useful economic indicator of an area's standard of living.
 
A frequently reported economic statistic is median household income. Because many households may consist of a single person, median household income can be less than median family income because a single-person
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Latest Updates on Household Income

Amid Covid, India's billionaire count rose by 40 to 142 in 2021: Oxfam

In India, during the pandemic (since March 2020, through to Nov 30, 2021) the wealth of billionaires increased from Rs 23.14 trn to Rs 53.16 trn, according to non-profit Oxfam India's latest report

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Updated On : 17 Jan 2022 | 4:13 PM IST

Budget 2022: Tax rebates in Budget for realty vital for salaried class

Currently, one-third of India's population reside in cities and it is estimated to go up to 50% by 2030

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Updated On : 17 Jan 2022 | 2:13 PM IST

Legal heirs not bound to inform I-T dept about assessee's death, rules HC

The court reasoned that there might be instances where the deceased assessee was estranged from legal representatives or the deceased assessee might have bequeathed their wealth to charity

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Updated On : 13 Aug 2020 | 2:16 PM IST