Part B – TI: Statement of Income for the Period ended on 31St March AY 2026-27
In ITR-2, ITR-3, ITR-5, and ITR-6, Schedule Part B – TI (Total Income) functions as a consolidated summary of the assessee’s total income for the financial year ending on 31st March. This schedule is auto-populated based on data entered in various other schedules such as Schedule HP (Income from House Property), BP (Business or Profession), CG (Capital Gains), OS (Other Sources), and others, depending on the nature of income reported.
Schedule Part B – TI in ITR-7 provides a consolidated computation of total income for entities such as trusts, institutions, political parties, and others claiming exemptions under various provisions like Sections 11, 12, 13A, 13B, or 10(23C). It auto-populates data from multiple schedules and captures voluntary contributions, income applied, accumulations, disallowances, and additions, including income taxable under special or maximum marginal rates. Based on the type of exemption claimed or violated, the relevant sub-part (B1, B2, or B3) becomes applicable, ensuring a complete and accurate reflection of gross total income for the financial year.
Note: While ITR-1 and ITR-4 do not contain separate schedules, the computation of gross total income is reflected directly in the ‘Part B – Gross Total Income’ section of the form.