Posted by : CS K. K. Agrawal Mar 29, 2014

You will see 1. Types of Heads 2. Sections associated with each heads of Income. 3. Exempted Income. 4. Expenses allowed as deduction under each head. 5. Computation of income formula through sections. 6. Rates of tax of each head. 7. Set off and carry forward of losses. The above topics are in brief. But it gives fair amount of idea what is income tax, how it is computed and rates of tax.

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