Underdeduction definition

Underdeduction means a failure to withhold the required amount of health benefits contributions from an individual’s pay, annuity, or compensation. This definition includes both nondeductions (when none of the required amounts was withheld) and partial deductions (when only part of the required amount was withheld).
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Related to Underdeduction

  • Deduction means the amount that is treated as deductible from the taxable income under the laws of the payer or investor jurisdiction. The term 'deductible' shall be construed accordingly.

  • FATCA Deduction means a deduction or withholding from a payment under a Finance Document required by FATCA.

  • Deductions means any deductions which the Employment Business may be required by law to make and in particular in respect of PAYE pursuant to Sections 44-47 of the Income Tax (Earnings and Pensions) Act 2003 and Class 1 National Insurance Contributions;

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • Allowable Deductions , in relation to a mineral, means —