IE
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The portion of pay used as the base for certain payroll tax calculations.
Taxable pay is the amount payroll uses as the base for specific deductions. For example, certain pension contributions may reduce PAYE taxable pay while USC and PRSI can still apply to a broader base depending on scheme rules.
This definition is for informational purposes only and does not constitute tax, legal, or financial advice. Rules may change and outcomes depend on your circumstances.