1 Income Tax in India — An Introduction 5 2 Income Exempt from Income Tax 15 3 Income from Salaries 18 4 Income from House Property 37 5 Income from Business or Profession 43 6 Capital Gains 54 7 Income from Other Sources 66 8 Clubbing of Incomes 74 9 Deduction from Gross Total Income 82 10 Computation of Tax Liability of Individuals 94