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deduction
(redirected from tax deduction)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

deduction

In philosophy, a form of argument in which the conclusion necessarily follows from the premises. It would be inconsistent logic to accept the premises but deny the conclusion.

deduction

Monies taken away from gross pay, leaving workers with their net pay or take-home pay. Deductions are likely to include income tax and national insurance contributions. Workers may have their trade union subscription taken from their pay packet. Regular savings, such as Save-As-You-Earn (SAYE/sharesave) or schemes to buy shares in the employee's company, and payments to charity through Give-As-You-Earn schemes may also be deducted at source.



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Sources also told that to ensure tax deduction from salaried segments data of tax payers would be collected from accountant general and data of civil and military tax payers would be collected from provincial accountant general.
Sources also told that to ensure tax deduction from salaried segments data of tax payers would be collected from accountant general and data of civil and military tax payers would be collected from provincial accountant general.
The child care tax deduction is of vital importance to look at for couples with children 12 (twelve) and under This vital tax deduction can realistically be the saving grace many destitute parents are looking for The child care tax deduction is of vital importance to look at for couples with children 12 (twelve) and under.
 
 
 
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