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GTI Archives - All About Finance https://taxclick.org/tag/gti/ Sun, 27 Dec 2020 12:16:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png GTI Archives - All About Finance https://taxclick.org/tag/gti/ 32 32 The difference between gross total income and total income https://taxclick.org/type/income-tax/difference-gross-total-income-total-income/?utm_source=rss&utm_medium=rss&utm_campaign=difference-gross-total-income-total-income https://taxclick.org/type/income-tax/difference-gross-total-income-total-income/#respond Sun, 27 Dec 2020 12:16:14 +0000 https://taxclick.org/?p=4998 Total Income is the income on which tax liability is determined. It is necessary to compute total income to ascertain tax liability. Section 80C to 80U provides certain deductions that can be claimed from Gross Total Income (GTI). After claiming these deductions from GTI, the remaining income is called as Total Income. In other words, ... Read more

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