# What is Gross Income?

Gross income is your annual income before any income tax deductions. It is the actual amount used for calculation of income tax payable.

### Gross Income in Detail

Gross income includes all income including salary, bonuses, and commissions. This is the gross amount you have earned in a year.

#### Example 1:

Suppose your annual salary is ₹12,00,000. Your company has deducted tax of ₹190,550 (income tax plus education cess) on your income resulting in a take home income of ₹10,09,450. In this example, your gross income is ₹12,00,000.

### What is included in gross income?

Apart from salary and bonuses, gross income also includes additional income such as rent, interest from banks and other sources, and dividends.

#### Example 2:

Let's say your annual income is ₹15,00,000 and your take-home pay is ₹12,16,750 after deducting tax of ₹283,250. Additionally you have earned interest of ₹50,000 and dividend of ₹20,000. In such a scenario, your gross pay is ₹15,70,000 (₹15,00,000 + ₹50,000 + ₹20,000).

Use our tax calculator to calculate your tax payable on your gross income before taxes.