HR Glossary  >   Taxable Income

Taxable Income

What is Taxable Income?

The income amount upon which tax amount is calculated is referred to as taxable income. Generally, taxable income is obtained after making all the other necessary deductions such as PF, pension, etc., and hence it is also known as adjusted gross salary. Apart from those earnings that are tax exempted, all other incomes are considered to be taxable incomes.

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