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of <h1>New Income Formula: Calculate Total Income Using (A - B) + C, Including Deductions Under Sub-Chapter IV</h1> The total income of an individual for a financial year is calculated using the formula (A - B) + C. Here, A represents the gross total income from ordinary sources, B is the aggregate amount of deductions permitted under sub-chapter IV, and C denotes the total income from special sources for that financial year.
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