personal allowance - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “personal allowance”

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personal allowance

noun [C]
 
 
UK ( US personal exemption)
TAX the amount of income you can earn each year before paying tax: If your total income is more than the personal allowance, you will have to pay tax on the difference.
Translations of “personal allowance”
in Chinese (Traditional) (開始繳納所得稅前的)個人收入免稅額…
in Chinese (Simplified) (开始缴纳所得税前的)个人收入免税额…
(Definition of personal allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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