Computation of Income Services by Niti Neeyam Services
Calculating your total income correctly is the first and most important step in filing your Income Tax Return (ITR). A single mistake in computation can lead to wrong tax payments, delayed refunds, or even income tax notices. That’s why having your income computed by professionals ensures accuracy, compliance, and peace of mind.
At Niti Neeyam Services, we specialize in providing accurate and reliable Computation of Income Services for individuals, professionals, and businesses across India.
What is Computation of Income?
Computation of Income refers to the process of calculating a taxpayer’s total income from various sources, after considering deductions and exemptions as per the Income Tax Act, 1961.
Your total taxable income is derived by adding all income heads, then subtracting eligible deductions and exemptions. The final figure forms the basis for determining your tax liability.
Heads of Income as per the Income Tax Act
While computing income, it’s important to classify earnings under the correct heads:
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Income from Salary: Salary, allowances, bonuses, commissions, and perquisites.
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Income from House Property: Rental income or deemed rent from owned properties.
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Income from Business or Profession: Profit earned from business or professional activities.
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Income from Capital Gains: Profit from sale of shares, property, or other capital assets.
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Income from Other Sources: Interest, dividends, winnings, or any residual income not covered above.
Our experts at Niti Neeyam Services ensure every source of income is properly categorized and all applicable deductions (like Section 80C, 80D, etc.) are accurately claimed.
Why Accurate Income Computation is Important
Accurate computation ensures:
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✅ Correct Tax Payment: Prevents underpayment or overpayment of tax.
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✅ Faster Refunds: Helps you receive your refund without delays.
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✅ Error-Free ITR Filing: Avoids scrutiny or mismatch notices from the IT Department.
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✅ Legal Compliance: Fulfills all income tax reporting requirements.
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✅ Effective Tax Planning: Helps identify potential savings under various tax sections.
Our Computation of Income Services Include:
At Niti Neeyam Services, we provide comprehensive income computation solutions for all types of taxpayers:
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Salary Income Computation – Calculation after accounting for HRA, LTA, and other exemptions.
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Business Income Computation – Profit/loss statement and tax computation for sole proprietors, partnerships, and companies.
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Capital Gain Computation – Short-term and long-term capital gain analysis with indexation benefits.
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House Property Income Calculation – Net annual value computation with standard deductions.
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Computation under Presumptive Taxation (44AD/44ADA/44AE) – Simplified income computation for small businesses and professionals.
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Tax Deduction & Exemption Analysis – Applying deductions under Chapter VI-A (Sections 80C to 80U).
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Final Tax Liability Calculation – Determining total tax payable or refund receivable.
Documents Required for Computation of Income:
To accurately compute your income, you’ll need:
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PAN card & Aadhaar card
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Salary slips / Form 16
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Bank statements
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Investment proofs (LIC, PF, ELSS, etc.)
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Details of rent income, capital gains, and business turnover
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Interest certificates (FDs, savings accounts, loans, etc.)
Our experts verify every detail and prepare a comprehensive income computation sheet ready for ITR filing.
Why Choose Niti Neeyam Services for Income Computation?
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🧾 Experienced Tax Professionals – Skilled in handling all income types and tax complexities
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⚙️ Accurate & Transparent Calculations – Based on verified income and deduction data
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🕒 On-Time Delivery – Perfect for pre-filing reviews or audit support
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💼 Comprehensive Financial Review – Helps in tax planning and compliance improvement
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🔒 Data Confidentiality Assured – Your financial information is fully secure
At Niti Neeyam Services, we combine professional accuracy with a personalized approach to make income computation stress-free.
Conclusion
Accurate Computation of Income is the foundation of every successful tax filing and financial decision. With Niti Neeyam Services, you can be confident that your income is calculated precisely and your taxes are fully compliant with the latest laws.
📞 Contact Niti Neeyam Services today or visit www.nitineeyam.in for professional help in computing your income and preparing your ITR effortlessly.
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