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<h1>Compute taxable income: total by head, set off losses, deduct Chapter VI-A, apply rates, rebate 87A, add surcharge and cess</h1> Compute tax by totaling income under each head, adjusting for set-off of losses to arrive at Gross Total Income, then deducting Chapter VI-A deductions to get Taxable Income. Apply prescribed tax rates to compute tax, subtract section 87A rebate if eligible, add surcharge and 4% health and education cess on post-surcharge tax to reach tax before special rebates. Apply rebates under sections 86, 89, 90/90A/91 where applicable, offset prepaid taxes (TDS/TCS/advance tax), and determine final tax payable or refundable. Corporate/non-corporate minimum taxes (MAT/AMT) may apply.
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