Computation Sheet

Tax Glossary Definition

Computation Sheet

A computation sheet is a detailed summary prepared to calculate a taxpayer’s total taxable income and the corresponding tax liability. It consolidates income under various heads, applies deductions, exemptions, and tax rates, and shows the final tax payable or refundable. Computation sheets are commonly used by Chartered Accountants (CAs) and tax professionals for accurate filing of Income Tax Returns.

Example: A CA prepares a computation sheet while filing a client’s ITR, summarizing income from salary, house property, business, capital gains, and other sources along with applicable deductions.

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