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प्रश्न
What do you mean by Total Income?
उत्तर
Out of Gross Total Income, Income Tax Act 1961 allows certain deductions under section 80. After allowing these deductions the figure which we arrive at is called ‘Total Income’ and on this figure tax liability is computed at the prescribed rates.
- Gross Total Income
- Less: Deductions (Sec. 80C to 80U)
- Total Income (T.I.)
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संबंधित प्रश्न
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