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of <h1>Understanding Assessed Tax: Income Tax Calculation After Deductions Like TDS, TCS, MAT, AMT, and Foreign Tax Credit</h1> Assessed tax refers to the tax calculated on the total income determined through summary or regular assessment, after deducting Tax Deducted at Source (TDS), Tax Collected at Source (TCS), Minimum Alternate Tax (MAT) Credit, Alternate Minimum Tax (AMT) Credit, relief under Section 89, and Foreign Tax Credit as per Sections 90, 90A, or 91.
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