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of <h1>Direct Taxes Code Bill 2009: Calculating Total Income Using Formula A - (B + C) for Taxation Purposes.</h1> The total income of a person for any financial year is calculated using the formula: A - (B + C). Here, A represents the gross total income from ordinary sources for that financial year, while B and C denote the aggregate amounts of deductions allowed under sub-chapter I. This provision is part of the Direct Taxes Code Bill, 2009, which outlines the method for determining total income for taxation purposes.
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