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of <h1>Definition of 'Total Income' Under Income-tax Act 1961: Residents and Non-Residents' Income Calculation Explained in Section 5.</h1> 'Total income' under the Income-tax Act 1961 is defined as the total amount of income as per section 5, calculated according to the Act's provisions. For residents, total income includes all income received, deemed received, accrued, or arising in India or abroad. For non-residents, it includes income received or deemed received in India or accruing or arising in India. Income accruing outside India is not considered received in India simply because it is recorded in an Indian balance sheet. Income already included as accrued or arisen is not re-included as received in India.
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