What is the name for income derived from an economic benefit received indirectly rather than directly?

The term for income derived from an economic benefit received indirectly rather than directly is classified as "Imputed Income." This concept refers to the value of benefits or services that are not directly received as cash income but are nonetheless considered as income for taxable purposes. Examples include the estimated rental value of a home that an individual occupies without rent or the economic benefits derived from using a company car for personal use.

Understanding imputed income is important in tax contexts as it illustrates how various forms of economic benefits are assessed for taxation, even if they do not manifest as direct payments. The principle behind it is that any benefit or value gained can increase an individual's financial well-being and therefore should be accounted for in the broader scope of income taxation.