Computation of Income

Tax Glossary Definition

Computation of Income

Computation of income is the process of calculating the total taxable income of a taxpayer by aggregating income under the five heads of income specified in the Income Tax Act — Salary, House Property, Business or Profession, Capital Gains, and Other Sources. After considering allowable deductions and exemptions, the net taxable income is determined for tax calculation.

Example: A taxpayer’s income may include Salary income + Income from House Property + Income from Other Sources, which are combined to compute the total taxable income.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App