The Income-tax Act, 1961

CHAPTER IV

COMPUTATION OF TOTAL INCOME

HEADS OF INCOME

Heads of income.

14. Save as otherwise provided by this Act, all income shall, for the purposes of charge of income-tax and computation of total income, be classified under the following heads of income :

A. Salaries.

B. Interest on securities.

C. Income from house property.

D. Profits and gains of business or profession.

E. Capital gains.

F. Income from other sources.