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of <h1>Total Income Calculation Must Include Exempt Income Under Chapter XVIIA-4 for Fair Tax Assessment</h1> The Income Tax Bill, 2025's Clause 101 and Income Tax Act, 1961's Section 66 both address income aggregation for tax calculation. Clause 101 mandates including income exempt under Chapter XVIIA-4 in total income calculations, while Section 66 previously focused on Chapter VII exemptions and referenced deductions under sections 87, 87A, and 88 (later omitted). Both provisions aim to create a comprehensive tax base by including all income streams, preventing tax avoidance and ensuring equitable taxation. While sharing the objective of comprehensive income aggregation, they differ in targeted provisions, reflecting evolving legislative priorities over time.
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