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Vinod Jetley
من قبل Vinod Jetley , Assistant General Manager , State Bank of India

An item or expense subtracted from adjusted gross income to reduce the amount of income subject to tax. Tax authorities specify the items that can be deducted from gross income for the purpose of reducing taxable income, and the specific rules governing the deductibility of each of these items. Some examples of tax-deductible items include mortgage interest, state and local taxes, unreimbursed...

Muhammad Aamir Ayaz
من قبل Muhammad Aamir Ayaz , Internee , Dawood Lawrencepur Limited

That income which is liable for tax and tax is deducted from that income which increase liability.

Kishor Vadher
من قبل Kishor Vadher , Sales Manager , Hausstrom ltd. Lagos

The income which liable to tax which is calculated on gross income of entity.

Avtar Bachani
من قبل Avtar Bachani , Head - Academics and Marketing Strategy , Eureka Education

Items such as Gross Revenue, Income from varied sources designated as taxable,are deducted at a specified tax rate to provide for net profit, to claim tax returns later on. Rate of tax on each item is established by the Govt using the tax schedule.

Maqhsood Khan
من قبل Maqhsood Khan , NATIONAL SALES MANAGER , ASSETS MEDICAL AND PHARMA SUPPLIES

Tax Deductible means an income which is liable for Tax. 

One has to pay tax for the income he gets.... its not tax free but tax deductible

Nazar Taha
من قبل Nazar Taha , Senior Finance Associte , The United Nation Office for Project Services

Is reduction of income that is able to be taxed, and is commonly a result of expenses , which incured to produce additional income.

Muhammad Rizwan
من قبل Muhammad Rizwan , Executive Procurement (Technical) , FFCL

It means that tax is applicable on wealth produced by company against the investment declared. SO, for example, a tax deductible salary means that the salary slip will display gross amount of earning and then the %age of income tax applicable and after subtraction of aforementioned numbers, an employee gets the net salary. 

shams rahman
من قبل shams rahman , Technical Assistant , Gasco

charity fund and other expenses which reduce your gross income are tax-deductible. 

waleed rabei rabei
من قبل waleed rabei rabei , Business Development Executive , Consulting and Solutions

States should enact regulations encourage the the internal and external investment and exempting came number of years and identifies type of the projects or for a period of without specifying ACTIVITY TYPE came occasionally identify areas within the country

smitha manoj
من قبل smitha manoj , Financial Consultant , Brookmarine Equipment Trading Company

Tax deductible is an expense that can be deducted from the gross income, so that the amount of income that is taxable can be reduced. Examples for tax deductible are money donated for charity, mortgage interest etc..

Heavenly J John
من قبل Heavenly J John , National Head - Aftersales for Ford , Saud Bahwan Group

The difference between Gross Income and Taxable Income is permissable income but allocated for specified expense that is not taken into account for taxation.

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