Yes, Section 288A deals with the rounging off of total income for computing tax liability.
As per this section, total income of assessee shall be rounded off to the nearest multiple of 10.
It means that if you have to total income of Rs. 350746 then your total income shall be taken as 350750(46 nearest to 50). Further, if you have 350742, your total income shall be reduced to 350740.
Please mark your satisfactory level...
My Dear ,
I thank you for marking the answer as satisfactory.
I have noted.
It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
Please feel free to mark any point. I don't share it with anyone. I use it for doing my internal calculations only. I use these calculations to evaluate the service performance of the relevant virtuoso.
Here is the grade scale:
Thank you,
Yours sincerely,
Anu, Thakurani's bestie