tax deduction - Meaning in Telugu
tax deduction - Meaning in Telugu
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Definitions and Meaning of tax deduction in English
tax deduction noun
- a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Synonyms
deduction, tax write-off
Description
A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax.
Also see "Tax deduction" on WikipediaAlso See
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Sentences with the word deduction
What is tax deduction meaning in Telugu?
The word or phrase tax deduction refers to a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket. See tax deduction meaning in Telugu, tax deduction definition, translation and meaning of tax deduction in Telugu. Find tax deduction similar words, tax deduction synonyms. Learn and practice the pronunciation of tax deduction. Find the answer of what is the meaning of tax deduction in Telugu.
Other languages: tax deduction meaning in Hindi
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What is tax deduction meaning in Telugu, tax deduction translation in Telugu, tax deduction definition, pronunciations and examples of tax deduction in Telugu.
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