Section 101 — Total income
Old Act equivalent: Section 66 of IT Act 1961 Sub-part: Chapter VI — Aggregation of Income
Statutory Text
In computing the total income of an assessee, there shall be included all income on which no income-tax is payable under Chapter XVII-A.
Sub-sections
This section has no sub-sections — it is a single operative provision.
Key Structure
- Applies to: All assessees
- Effect: Total income includes all income on which no income-tax is payable under Chapter XVII-A (exemptions under section 11 / Schedules)
- Purpose: Ensures that even where income is exempt from tax under specific provisions, it is still included in total income for rate purposes (aggregation principle)
Cross-References
- Sections 102–107: specific categories of deemed/unexplained income that follow this aggregation rule
- Chapter XVII-A (not yet ingested): exemptions
Amendment Notes
None.
Practical Notes
- This is a brief aggregation provision ensuring that the total income computation includes all sources, subject to exemptions. The operative detail is in the sections that follow.