Taxable income

1. UK Income Tax.

Taxable income is the amount of a taxpayer's net income which is subject to Income Tax, after deducting personal allowances.

2.

More generally, an amount of corporate or personal income which is subject to taxation.

See also

• Chargeable gain
• Corporation Tax
• Income Tax
• Loan relationship income
• Net income
• Personal allowance
• Taxable profits
• Taxable trading profits