Examples for calculating taxes
Deep, Deep Dive
What is chargeable income?
Chargeable income is the amount of your income that can be taxed. It’s your total income from all sources such as salaries, bonus and wages, rental income and commissions minus the tax reliefs you can claim for.
You can get your total income for the year from your EA form, which your employer should provide you with. An EA form is a yearly statement that your employer fills in which consists of your salary and bonus for the previous year. (Please remember to include your bonus in your total income!)