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Re: Can taxable income be higher then total salary credited for the year

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Need to know that is it possible to have a totoal taxable income that is number higher than the total of the salaries credited to the bank account for the taxable year.

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Devotee

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The amount credited to an employee's bank account is the salary less tax withheld and possibly other deductions, so the taxable income is typically higher than the total of bank credits.

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Most helpful response

Devotee

Replies 0

The amount credited to an employee's bank account is the salary less tax withheld and possibly other deductions, so the taxable income is typically higher than the total of bank credits.