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.
In AY 2015-16, only one person had income of over Rs 500 crore and his total income was Rs 721 crore.
To arrive at the rankings, growth in total income, profit before interest and tax (PBIT), and total shareholders' returns were considered.
8% within the total income, followed by pensions (29.
As the appendix table above reveals, the relative importance of investment income generally increases in tandem with total income.
They will see their pensions included in their total income for purposes of income tax calculation.
The University of Wales, Trinity Saint David was next in line, with 47% of its total income coming from home and EU students, while Cardiff University recorded the lowest share of just 21%.
Liverpool Hope University also ranked highly having generated surpluses of more than 10% of total income.
With these expansions, company expects its total income to cross Rs.
As a result, non-interest income, which encompasses mostly fees on services, has increased as percentage of total income from 24.
Income gap widened further in 2009, when the one-fifth richest households got hold of 40% of total income, boasting NT$1.

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