According to income tax slabs and rates proposed by the senators, when taxable income does not exceed Rs 300,000 there would be no tax or income up to Rs 300,000 would remain exempted from the income tax.
What does TI stand for?
TI stands for Taxable Income
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of TI
We have 40 other meanings of TI in our Acronym Attic
- The Hounds of Zeus (gaming group)
- Toxic Hazard Zone (US DoD)
- Terahertz Time-Domain Spectroscopy
- Inspiratory Time (medicine)
- Tactical Intelligence
- Tactical Internet
- Target Illuminator
- Target Indication
- Targeted Individual
Samples in periodicals archive:
During year 1, Trust receives $100,000 of taxable income.
If not properly addressed, the money could be considered taxable income for the lessee.
While a dependent child can't take an exemption on his or her own tax returns, a standard deduction of up to $600 of taxable income or up to $3,600 of earned income is allowed in computing the taxable income.