Whats the meaning of tax free?

Tax free refers to certain types of goods and financial securities (such as municipal bonds) that are not taxed. It also refers to earnings that are not taxed. Tax free may also be known as tax-exempt.

Why is there a hyphen in tax free?

Compound adjectives like income tax free take a hyphen when they directly modify a noun, like income tax-free bonds. But if the phrase is used as a predicate adjective, you would say: His services are income tax free.

How do you say tax free?

In this page you can discover 14 synonyms, antonyms, idiomatic expressions, and related words for tax-free, like: tax exempt, untaxed, Onestopphoneshop.co.uk, notstart, Farmfoods, lump-sum, tax deferred, taxable, non-taxable, and annuity.

Is tax in the English dictionary?

Meaning of tax in English. (an amount of) money paid to the government that is based on your income or the cost of goods or services you have bought: They’re increasing the tax on cigarettes.

Is income tax hyphenated?

Hyphenate two adjectives united to modify a noun: “a well-trained writer.” But do so only before the noun: “a writer who is well trained.” Keep in mind, though, a convention that has arisen in which permanent open compounds, words that have been bonded together to form perpetual concepts, like “income tax” or “ice …

What investments are tax free?

Listed below are tax free investments that meet a variety of needs and financial goals:

Life Insurance. Rs. 1,50,000 (Rs 1.5 lakhs)
PPF (Public Provident Fund) Rs. 1,50,000 (Rs 1.5 lakhs)
NPS (New Pension Scheme) Rs. 1,50,000 (Rs 1.5 lakhs)
Pension. Rs. 1,50,000 (Rs 1.5 lakhs)
Life Insurance. Rs. 1,50,000 (Rs 1.5 lakhs)

What are non taxable goods in India?

Exempted Goods in GST exemption list

Food. Fruits and vegetables, cereals, meat and fish, potatoes and other edible tubers and roots, tender coconut, tea leaves, jaggery, coffee beans, ginger, turmeric, milk, curd, etc.
Raw materials.
Tools/Instruments.
Miscellaneous.

What is tax Oxford dictionary?

/tæks/ [countable, uncountable] money that you have to pay to the government so that it can pay for public services. People pay tax according to their income and businesses pay tax according to their profits. Tax is also often paid on goods and services.