withholding income tax; income tax withheld at source
Refers to the portion of income tax deducted directly from salary, interest, dividends, etc., by the payer before the recipient receives the payment. Common in payroll and tax contexts.
The company deducts withholding income tax from the monthly salary and pays it to the government.
Please check the calculation method for withholding income tax.
Compound of 源泉 (source) + 所得税 (income tax), literally 'source income tax', referring to tax collected at the source of income.