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Can you indicate how much your total taxable income in the three boxes (the total income) is approximately, in 2011? Taxable income: The taxable income is the income over which you have to pay income tax, minus potential tax-deductible expenses and deductible losses. There are 3 kinds of taxable incomes, which are categorized into 3 boxes. The total income is the sum of your incomes and tax-deductible expenses in the 3 boxes.