This is the total amount of income from all sources that an individual will have to pay income tax on. This is after allowances, exemptions and deductions. Chargeable income is as it suggests, income that is chargeable to income tax.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.