pay-as-you-earn tax
11pay as you earn — PAYE The UK scheme by which both income tax and National Insurance contributions due from employees are collected by employers and paid over by the employers to the Collector of Taxes. Employers deduct tax and National Insurance from the weekly… …
12pay as you earn — noun The national system whereby income tax and national insurance is deducted by an employer from the salary or wages of an employee …
13Tax Deducted at Source — is one of the modes of collecting Income tax from the assessees in India. Such collection of tax is effected at the source when income arises or accrues. Hence where any specified type of income arises or accrues to any one, the Income tax Act… …
14PAY E — abbreviation for Pay As You Earn, a scheme for the collection of income tax chargeable under Schedule E under which tax is deducted by the employer from payments of salary, etc, to the employee and accounted for to the Inland Revenue. Collins… …
15Tax — Taxation An aspect of fiscal policy …
16tax law — Introduction body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized as a right of governments.… …
17pay — 1. v. & n. v.tr. (past and past part. paid) 1 (also absol.) give (a person etc.) what is due for services done, goods received, debts incurred, etc. (paid him in full; I assure you I have paid). 2 a give (a usu. specified amount) for work done, a …
18tax tables — Tables issued by the Board of Inland Revenue to employers to assist them in calculating the tax due from their employees under the pay as you earn system. The tables are provided either for weekly or monthly payments. In practice, most employers… …
19tax tables — Tables issued by HM Revenue and Customs to employers to assist them in calculating the tax due from their employees under the pay as you earn system (see PAYE). The tables are provided either for weekly or monthly payments. In practice, most… …
20tax relief — tax re.lief n [U] BrE when you do not have to pay tax on part of what you earn, especially because you use the money for a particular purpose tax relief on ▪ You can get tax relief on private health insurance premiums …
