What is Gross Total income with Example
Last updated at April 16, 2024 by Teachoo
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Courses
Free Income Tax Certification Course
- Chapter 1 Introduction
- Chapter 2 Different Heads of Income
- Chapter 3 Different ITR Forms & Due Dates
- Chapter 4 Income Tax Rates
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Chapter 5 Income from Salary & Deductions
- Chapter 6 Business Income-Proprietorship
- Chapter 7 Business Income-Patnership
- Chapter 8 Income from House Property
- Chapter 9 Income from Capital Gain
- Chapter 10 Employee on Contract
Transcript
Particulars Amt Income from Salaries Income from House Property Profits and Gains of Business and Profession Income from Capital Gains xx Income from Other Sources Gross Total Income xx xx xx xx xx What is Gross Total Income teachoo.com Computing Income from Salary Monthly Income Annual Income Standard Deduction Taxable Income 20000 240000 50000 190000 Particulars Amt Income from Salaries Income from House Property Profits and Gains of Business and Profession Income from Capital Gains 190000 Income from Other Sources Gross Total Income 0 0 0 5000 195000 Suppose Salary income is 20000 pm Suppose Salary income is 20000 pm interest Income is 5000 p.a What is income from Salary and Gross Total income?
