Total Income means the total amount of Income referred to in section 5, computed in the manner laid down in the Income-tax Act.
Total income is computed under five heads of income, income computed under each head is thereafter aggregated and the aggregate amount is known as Gross Total Income.
From Gross Total Income, certain deductions are allowed under sections 80C to 80U and the balance income after deductions is known as Total Income.
Total income is computed under five heads of income, income computed under each head is thereafter aggregated and the aggregate amount is known as Gross Total Income.
From Gross Total Income, certain deductions are allowed under sections 80C to 80U and the balance income after deductions is known as Total Income.
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