The term given to the process of adding back the tax deducted to the net income to calculate the gross income liable to tax. Formulas for converting net income at the appropriate rates to the gross figure are detailed below: Found on http://www.encyclo.co.uk/local/20949
The term given to the process of adding back the tax deducted to the net income to calculate the gross income liable to tax. Formulas for converting net income at the appropriate rates to the gross figure are detailed below: