Taxable Income
Legal definition for Indian law research
Definition
taxable income
: income that is subject to taxation and is characterized by the accrual of some gain or benefit to the taxpayer
;specif
: the total amount of income remaining as the basis of taxation for a given period after all allowable deductions have been applied to gross income
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.