Computation of Total Taxable Income

1. Income from 'Salary'

> Computation of "Gross Salary" > Computation of "Net Salary Income" > Allowances Under Section 17(3) > 'Perquisies' & 'Income Tax' ( Taxable & Exempted) > Profit in Liew of Salary > Exemption of Amounts Specified in the Income Tax Rules > Deductions Under Sec.80C > Chat Showing Computation of 'Salary' Income

2. Income from 'House Property'

> Sec. 22 : Definition of "Income from House Property" > Income Excluded from Tax Under " Income from House Property" > Computation of Income from 'Let-Out Property' > Sec.23(1) : Gross Annual Value > Deduction of Municipal Tax > Deductions Under Sec. 24 > Computation of Income from 'Self-Occupied Property' > Chat Showing Computation of House Property Income > Check List for Assessment of House Property Income

3. Income from 'Business or Profession'

> Meaning of 'Business' and 'Professions' > Expenses than can be Claimed as Deductible Expenses > Expenses that are considered 'Expenses not Deductible' > Charging Deemed Profits to Tax > Meaning of 'Set-Off' and 'Carry Forward' of Business Losses > Professional / Businessmen who have to Maintain Books of Accounts > Chat Showing Computation of Profits and Gains of 'Business or Professions'

4. Income from 'Capital Gain'

> Capital Gains - Basis of Charge > Rate of Tax - Capital Gains > Long and Short-Term Capital Gains Tax > Exemptions uder Capital Gains > Sec.48 : Computation of Capital Gains > Charging of Tax for Short-Term / Logn-Term Capital Gains > Chat Showing Computation of Capital Gains > Check List for Assessment - Capital Gains

5. Income from 'Other Sources'

> Sec.56 : Basis of Charges > Deductions from 'Income from Other Sources' > Amounts Expressly Disallowed > Income From Other Sources – in  Nutshell

6. 'Clubbing of Income' - Aggregation of Income

> Sec.60 : Transfer of Income without Transfer of Assets > Sec.61 : Revocable Transfer of Assets > Sec.64 : Inclusion of Income of Spouse, Minor Child , etc. in income of Individual

7. 'Set Off and Carry Forward of Losses'

> Sec.70 : Set-Off of Loss from one Source against Income from another Source Under the Same Head of Income. > Sec.71 : Set-Off of Loss from one Head against Income from another Head > Sec.71 B : Carry Forward and Set-Off of Loss Under the Head 'Income from House Property' > Sec.72 : Carry Forward and Set-Off of Business Losses > Sec.73 : Losses in the Speculation Business > Sec.74 : Losses Under the Head 'Capital Gains'. > Sec.74a : Losses from Certain Specified Sources Falling Under the Head 'Income from Other Sources' > Table showing Set Off and Carry Forward of Losses

8. 'Deductions' from Gross Total Income

> Deductions in Respect of Certain Payments > Deductions in Respect of Certain Incomes > Other Deductions