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Total annual income

baljeet singh (36 Points)

12 October 2020

What will be our total annual income- gross total income or total taxable income. Please clearfy.

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queryinsta054@gmail.com (234 Points)
Replied 12 October 2020

Generally means Gross total income.

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ayusmita (Tax consultant) (5885 Points)
Replied 13 October 2020

Annual income means the income you earned in a particular year
gross income means sum total of all income you earn from different heads of income overall
taxable income means is the amount of income on which you are liable to give tax to the government

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