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How wouldCalculate the total incomeunden Vacrous heads in case of anIndividual ? |
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Answer» Where Gross Total Income is calculated by summing up EARNINGS received as per all FIVE heads of income. Total income is arrived at after deducting from Gross Total Income DEDUCTIONS under SECTION 80C to 80U (NAMELY, Chapter VI A deductions) under the Income Tax Act 1961. |
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