Gross Total Income (GTI)

Gross Total Income (GTI) – Gross Total Income (GTI) refers to the aggregate income earned by an individual, firm, or company from all sources before any deductions under Chapter VI-A of the Income Tax Act (Sections 80C to 80U). It includes income from: Salary – wages, pensions, allowances House property – rental income from owned property Capital gains – profit from the sale of assets such as property or shares Business or profession – profits from commercial activities Other sources – interest, dividends, winnings, etc. GTI serves as the starting point for computing taxable income, with eligible deductions subsequently applied to determine net taxable income.

Example: An individual earning ₹5 lakh from salary, ₹2 lakh from house property, and ₹1 lakh from other sources has a Gross Total Income of ₹8 lakh before claiming deductions