Net income in a business refers to the amount of money earned by the business after all expenses and taxes have been deducted from its gross income. It is also known as net profit or net earnings.Net income is a key indicator of a business's financial performance, as it provides a more accurate measure of profitability than gross income alone. It is calculated by subtracting all expenses, including operating expenses, interest payments, and taxes, from the gross income of the business.Net income is an important figure for investors, creditors, and other stakeholders, as it indicates how much profit the business is generating. It can also be used to calculate other financial metrics, such as earnings per share and return on investment.A positive net income indicates that the business is profitable, while a negative net income indicates that it is operating at a loss. A business with a strong net income may have more financial resources to invest in growth and expansion, while a business with a weak or negative net income may need to take steps to improve its profitability or reduce expenses.