Medi Assist Healthcare IPO

Home Taxes

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Taxes

Personal allowances

This can reduce the taxable income and thus, the amount of tax owed.

As we delve into the realm of personal finance, it is crucial to understand the concept of personal allowances. These allowances serve as deductions from an individual's income when calculating their taxable income. Typically, one can claim allowances for themselves, their spouse, children, and other dependents. By reducing the taxable income, these allowances can ultimately lower the amount of tax that an individual owes.

Multi-stage tax system

Indirect tax is a type of tax that is imposed on goods as they move through various stages of production and distribution. This means that the tax is charged not just once, ...

More

Pre-tax profits

Operating profit, also known as earnings before taxes (EBT), is a key measure in finance that reflects a company's financial performance before tax expenses are taken into a...

More

Juridical double taxation

. Understanding taxation is crucial in the world of finance. One concept to grasp is double taxation, which refers to the taxing of the same income or asset by two different ...

More

Separate taxation

Let us delve into the concept of separate taxation, a practice used in certain countries to tax married couples based on their individual incomes. While it is compulsory in ...

More