Meaning Of The Word Income tax

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Income tax Meaning

Income tax Definition
Income tax Definition

What's The Definition Of Income tax?

income tax
a tax on income or on that part of income which exceeds a certain amount
noun: a personal tax, usually progressive, levied on annual income subject to certain deductions
noun: a tax levied on incomes, esp. an annual government tax on personal incomes
variable noun: Income tax is a certain percentage of your income that you have to pay regularly to the government.

income tax in Accounting
noun: Income tax is a part of your income that you have to pay regularly to the government.

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