Example:
Shreya earns ₹4 lakhs salary and ₹1.2 lakhs interest income. Her total taxable income is ₹5.2 lakhs, with ₹16,500 tax payable.
Calculation Formula:
Total income minus Advance Tax, TDS, and rebates/reliefs. Add any interest payable under sections 234A, 234B, and 234C.