Computation of total income

Define Your income sources. Then You can get exact solution from our Experts...

Thanks for the reply. Mine is only salary. No other sources. So there is no question of profit or loss. I was wondering if computation of total income is necessary for a salaried person, to apply for loan.

you can show in computation of total income salary income and income from other sources ( interest from saving bank). show other heads income nil. add your gross total income less deductions. by doing this your will get net income compute tax liability and show the TDS deducted. by this you will ready your sheet of computation.