Rounding Off of Income

Friends,

                    As per Income Tax Act under section 288A,Total Income computed in accordance with the foregoing provisions, should be rounded off nearest in the multiple of ten(10) rupee.  While rounding off total income,  Paise in Total  Income shall be ignored.  To explain more some examples are given as under:-

Your Total Income =   340380.15 , will be rounded off as    340380.00

Your Total Income =    340385.15 , will be rounded off   as    340390.00

Your Total Income =   340389.15 , will be rounded off as    340390.00

Your Total Income =    340384.15 , will be rounded off  as     340380.00

Your Total Income =    340390.00 , will be rounded off   as    340390.00