income tax allowance

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• income tax allowance — ➔ allowance …   Financial and business terms

• income tax personal allowance — England, Wales The amount of income a UK resident individual can receive before being charged to income tax. For details, see Tax data: income tax: Individuals: rates and allowances. The personal allowance is not available to individuals who are… …   Law dictionary

• income tax — n: a tax on the net income of an individual or a business compare excise, property tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• tax allowance — ➔ allowance * * * tax allowance UK US noun [C] UK (US tax exemption) TAX ► an amount of money that can be taken off someone s income and savings, or a company s profits before the tax owed is calculated: »The married couple s tax allowance was… …   Financial and business terms

• Income Tax Assessment Act 1997 — is an act of the Parliament of Australia. It s one of the main statutes under which income tax is calculated. The act is a rewrite in plain English of the prior Income Tax Assessment Act 1936. New matters are now generally added to the 1997 act… …   Wikipedia

• tax allowance — noun A sum which is deducted from total income to arrive at taxable income • • • Main Entry: ↑tax …   Useful english dictionary

• income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

• Income tax in India — The Indian Income Tax department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance.The government of India imposes an income tax on taxable income of individuals, Hindu …   Wikipedia

• Income tax in the Netherlands — In the Netherlands there is an income tax, which since 2001 ( Wet inkomstenbelasting 2001 ) is roughly as follows. The fiscal year is the calendar year. No later than March citizens have to report their income of the previous year. The system… …   Wikipedia

• income tax allowances — Allowances that may be deducted from a taxpayer s gross income before calculating the liability to income tax. Every individual who is a UK resident is entitled to a personal allowance, the level of which will depend on his or her age (see age… …   Accounting dictionary

• income tax allowances — Allowances that may be deducted from a taxpayer s gross income before calculating the liability to income tax Every individual who is a UK resident is entitled to a personal allowance, the level of which will depend on his or her age (see age… …   Big dictionary of business and management