total income


Also found in: Acronyms.

total income

the aggregate of a taxpayer's income from all sources calculated in accordance with the provisions of the Income and Corporation Taxes Acts. Sometimes known as statutory total income. From this figure must be deducted certain sums (e.g. loss relief and interest relief ranking as a charge on income) to obtain the taxpayer's taxable income.
References in classic literature ?
He is playing a bass part upon his cello, and so the excitement is nothing to him; no matter what happens in the treble, it is his task to saw out one long-drawn and lugubrious note after another, from four o'clock in the afternoon until nearly the same hour next morning, for his third of the total income of one dollar per hour.
The total income, which at the time of the wife's death was little short of 1100 pounds, is now, through the fall in agricultural prices, not more than 750 pounds.
Excluding the Royal Hospital for Women & Children, which was opened in Q1 2019 and is expected to record pre-operating losses during its ramp up phase, Amanat would have recorded a 56 per cent growth in its total income in H1 2019 compared to H1 2018.
During the entire financial year 2018-19, ITC had a net profit was Rs 12,464 crore on a total income of Rs 48,267 crore.
The total income of Pakistan Peoples Party (PPP) for the financial year 2018 was Rs 5,005,858 while the total expenses were Rs 19,899,267.
In its latest statement of comprehensive income posted on its web site, the gaming regulator said its total income from gaming operations for the first quarter of 2019 was higher by 15.62 percent than the P15.798 billion in the same period for 2018.
For the full year, total income is expected to be lower than the income generated in 2018.
Social transfers (pensions, unemployment benefits, family allowances and other social benefits) form 29.8% within the total income in 2018.
'The date of filing returns of total income or statement of final taxation, which were due on August 31, 2018 and extended up to December 15, 2018, have now been extended up to March 31, 2019,' the FBR said in a notification issued Friday.
* Agency owners, principals and management reported a rise in total income for 2018, which revealed a 5.5 percent increase in total income compared to a 6.3 percent increase in total income for 2017.
Likewise in the total income of Pakistan Railway was Rs 18.80 billion in 2012-13, however it figured to Rs 49.850 billion in 2017-18.
The separate return form is meant only for persons deriving salary income or a combination of salary income and income from other sources where salary is more than 50 percent of the total income.

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