The Student Room Group

What is taxable income

Is it the entire amount you earn or just the amount after the tax free band?

E.g If someone earns 60k would their taxable income be 60k or 48k?
Original post by A-S.
Is it the entire amount you earn or just the amount after the tax free band?

E.g If someone earns 60k would their taxable income be 60k or 48k?

Hi there, taxable income is the whole income if they are fully employed. If they are self employed it would be their net income. Thanks, Ross
Reply 2
Original post by Ross SLC
Hi there, taxable income is the whole income if they are fully employed. If they are self employed it would be their net income. Thanks, Ross

So their whole salary including the no tax bracket?
Thanks
Original post by A-S.
So their whole salary including the no tax bracket?
Thanks

Hi there,

What income is it they receive? Thanks, Ross
Reply 4
around 50-60k including my earnings
Original post by A-S.
around 50-60k including my earnings

Hi there,

Yes, that's the figure you should declare without any tac bands.

Thanks, Graeme

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