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employment income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › employment income

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • June 20, 2020 at 5:35 am #574305
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir just want you to corroborate one thing: The only difference between salary and employment income is that the former is inclusive of employee contrn into the occupational scheme and the latter is net of any such employee contrn into the scheme, right??

    June 20, 2020 at 4:15 pm #574346
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Not quite – the salary is just one part of the taxpayers employment income – usually of course the only part for most employees – but some employees will have taxable benefits provided by their employer and may also have incurred allowable expenses such as an occupational pension scheme contribution

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