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Heads of Income
Under chapter 4 of Income Tax Act, 1961 (Section 14), income of a person is calculated under various defined heads of income. The total income is first assessed under heads of income and then it is charged for Income Tax as under rules of Income Tax Act. According to Section 14 of Income Tax Act, 1961, there are following heads of income under which total income of a person is calculated:

» Heads of Income: Salary
» Heads of Income: House Property
» Heads of Income: Profit In Business/ Profession
» Heads of Income: Capital Gains
» Heads of Income: Other Sources