Gross Total Income

SL.NO

PARTICULARS

A

Determination of residential status

B

Classification of incomes under different heads

1.Income from salary

2. Income from house property

3. Profit & gains from business or profession

4. Capital gains

5. Income from other sources

C

Exclusion of Income which are not taxable

Fully exempt   - Agricultural income

Partly exempt - HRA, Education allowance etc.

D

Computation of Income under each head

E

Clubbing of incomes of spouse or minors or child's

F

Set off or carry forward of losses

G

Computation of Gross Total Income

H

Deductions from gross total income

Deductions in respect of payments

Deductions in respect of certain incomes

Other deductions

I

 Computation of Total income

J

Application of rates of Income tax on incomes

K

Surcharge /rebate under 87A

L

Education cess & secondary education cess

M

Net Tax liability

N

Tax payment

O

Advance tax, Tax deducted at source, Tax collected at source & Self payment

P

Return filing