Taxable Income Calculation Workflow

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Calculate Gross Total Income

Sum up income from all 5 heads of income. Click to see details.

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Combine All Income Sources

Add up income from all heads to arrive at total income

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Offset Losses

Adjust for any losses from current year or carried forward

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✅

Apply Deductions

Claim eligible deductions under various sections

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Net Taxable Income =

Gross Total Income + Combined Income of Spouse/Minor + Family Income - Losses - Eligible Deductions

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