Compute income

In the income tax act income distributed in five different heads

1.salary (sec 15-17)
2.house property (sec 22-27)
3.profit & gain from business & profession (sec 28-44db)
4.capital gain (sec 45-55a)
5.other source (56-59)

Add:
i. Clubbing of income (sec 60-65)
ii.setoff & carry forward (sec 70-80)

=GTI(gross total income)
Less : general deduction (80c-80u)

=NTI(net total income)
Apply respective slab rate to calculate tax and add surcharge

Very Nice Mr Mayur Patil...😍😍😍

Keep it Up Dear...

Thank you sir....

Step by step method pls

tqsm mayur sir for dis great info

@ Mr Ranjan Roy.,


What You want exactly...?
If You want step by step then Take Your incomes as per above said section wise and Compute in "Income Tax Calculator" in Portl...


Without details or list how can we give reply...

It's not a Air view....

Mr. Ranjan I know you are looking for the FORMAT kind of thing here. Well, please let me suggest you you can find that on Google very easily. If you have any specific query in between then you are most welcome.

And Mr. Mayur well done. You have explained it very clear and sharp manner. Good Job.


Thanks. Be Helpful to One Another!