also called as net profit or bottom line, Net income is about to reduction of total costs from total revenue.

Net earnings (NI) is referring to net earnings (profit) calculated as sales less cost of products sold, selling, general and administrative expenses, operating costs, depreciation, interest, taxes and other charges. This amount appears on a company’s income statement and is an essential indicator of how profitable the company is. Net income also identifies an individual’s income after taking taxes and deductions into account.