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What are the 5 types of income?

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What are the 5 types of income?
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2 Answers

  1. The 5 heads of income are:
    1. Income from Salary
    2. Income from House property
    3. Income from Capital Gains
    4. Income from Business or Profession
    5. Income from other sources.

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  2. This answer was edited.

    The five main heads of income according to the Section 14 of Income Tax Act, 1961, for the computation of the Income Tax in India are:

    1. Income from Salary.
    2. Income from House Property.
    3. Income from Profits and Gains of Business or Profession.
    4. Income from Capital Gains.
    5. Income from Other Sources.
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