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heads of income Tag

Income Tax, Tax Advice

Five heads of Income eligible for Income Tax Computation

byfintooJuly 1, 2020

As per Section 14 of the Income Tax Act of 1961, there can be several modes of income for an individual. The income tax computation is an important part and has to be calculated according to the income of a person. For a hassle-free computation, the income has to be classified properly so that there is zero confusion regarding the same. The government has classified the sources of...