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    What is Gross Total Income?

    Answered 21-Oct-2022

    Gross total income is the aggregate of income under all the five heads of income after adjusting the set-off & carry forward of losses. Deductions under chapter VIA is provided from GTI, to arrive at Total income or taxable income.

    Computation of total income for the A.Y

     

    Particulars

    Amount

    Salaries

    ***

    Income from house property

    ***

    Profits and gains of business or profession

    ***

    Capital gains

    ***

    Income from other sources

    ***

    Gross Total Income

    ***

    Less: Deduction u/s 80C to 80U

    ***

    Total Income

    ***

     

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