income tax

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income tax

n.
A tax levied on net personal or business income.

income tax

n
(Economics) a personal tax, usually progressive, levied on annual income subject to certain deductions

in′come tax`


n.
a tax levied on the annual incomes of individuals and corporations.
[1790–1800]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.income tax - a personal tax levied on annual incomeincome tax - a personal tax levied on annual income
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
bracket creep - a movement into a higher tax bracket as taxable income increases
estimated tax - income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
FICA - a tax on employees and employers that is used to fund the Social Security system
withholding tax, withholding - income tax withheld from employees' wages and paid directly to the government by the employer
supertax, surtax - an additional tax on certain kinds of income that has already been taxed
Translations
ضَرِيبَةُ الدَّخْلضَريبة الدَّخْل
daň z příjmu
indkomstskat
tulovero
porez na prihod
jövedelemadó
tekjuskattur
所得税
소득세
daň z príjmu
davek na dohodek
inkomstskatt
ภาษีเงินได้
thuế thu nhập

income tax

nimposta sul reddito

income

(ˈiŋkəm) noun
money received by a person as wages etc. He cannot support his family on his income.
income tax
a tax paid on income over a certain amount.
ˈincome-tax return noun
an official form that has to be completed with information about one's income and expenses and sent to a government department.

income tax

ضَرِيبَةُ الدَّخْل daň z příjmu indkomstskat Einkommensteuer φόρος εισοδήματος impuesto sobre la renta tulovero impôt sur le revenu porez na prihod imposta sul reddito 所得税 소득세 inkomstenbelasting inntektsskatt podatek dochodowy imposto de renda, imposto sobre rendimentos подоходный налог inkomstskatt ภาษีเงินได้ gelir vergisi thuế thu nhập 所得税
References in periodicals archive ?
00 During the Open Days, tax officials will clarify the following questions: - about the possibilities of connecting to the Internet service "Personal account of the taxpayer for individuals"; on the presence (absence) of the obligation to declare the income received by them and the need to pay tax on it; on the procedure for calculating and paying personal income tax; on the procedure for completing the tax return on personal income tax;on the availability (absence) of personal income tax debt; how to use the computer program for filling out the tax declaration using the "Declaration" software in electronic form; on receipt of tax deductions and other issues arising with taxpayers.
Signed by President Duterte last December, the TRAIN law increased or slapped new excise taxes on oil, cigarettes, sugary drinks and vehicles, among other goods, to compensate for the restructured personal income tax regime that raised the tax-exempt cap to an annual salary of P250,000.
Dominguez added that individuals earning a taxable income of P250,000 per year, or around P21,000 a month, are exempted from paying the personal income tax.
Personal income tax will be levied also on cash lottery prizes, with the exception of the Centenary Lottery, and gambling winnings worth more than EUR 3,000, but the lottery prizes in the form of goods and services will be exempt from the tax.
7 per cent while under personal income tax (PIT), it was 21 per cent over the corresponding period last fiscal.
Maryland's state personal income tax has two components: a "state" income tax, imposed at graduated rates, and a "county" income tax, imposed at a single rate depending on an individual's county of residence.
The personal income tax is lower, amounting 54 percent in seven months i.
Trud daily quoted Emil Savov, deputy executive director of the association, as saying it has always insisted the central government gave one-fifth of collected personal income tax revenue directly to local governments.
Kustom Design offers a variety of services to assist Calgarians with their personal income tax needs.
State Administration of Taxation's semi -official tax institute Director Jin Dongsheng said the current personal income tax system, which does not take individual economic expenses into account, is "far from the goal of income redistribution" and needs to be reformed.
In most European countries, as well as China and Japan, the personal income tax ranges between 40pc and 50pc.
As well, increasing provincial corporate and personal income tax rates can cause significant reductions in federal tax revenues because the federal and provincial governments levy taxes on the same tax bases.

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