Determination of total income
60. The total income of a person for any financial year shall be computed in accordance with the formula-
A - (B + C) |
Where |
A |
= |
the 'gross total income from ordinary sources', for the financial year; |
|
B |
= |
the aggregate amount of deductions allowed under sub-chapter I; and |
|
C |
= |
the aggregate amount of deductions allowed under sub-chapter I; and |