§ 13
Chapter IV — Computation Of Total Income
Heads of income
Income-tax Act, 2025
Business owners must classify their income for tax purposes under specific categories. These categories include income from various sources such as salaries, house property, business, and capital gains. The main heads of income are:
- Salaries
- Income from house property
- Business or profession profits
- Capital gains
- Other sources
📜 Official text of the section +
13. Save as otherwise provided in this Act, all incomes 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) Income from house property;
( c) Profits and gains of business or profession;
( d) Capital gains; and
( e) Income from other sources.
Income not forming part of total income and expenditure in relation to such
income.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.