Section-516 : Rounding off of amount of total income, or tax payable or refundable

1. Section-516 as per act

The amount of total income computed or any amount payable or refundable under this Act, shall be rounded off to the nearest multiple of ten rupees ignoring any part of a rupee consisting of paise and thereafter if such amount is not a multiple of ten, then—

1. such amount shall be increased to the next higher amount which is a multiple of ten, if the last figure in that amount is five or more; or
2. such amount shall be reduced to the next lower amount which is a multiple of ten, if the last figure is less than five,

and the amount so rounded off shall be deemed to be the total income of the assessee or the amount payable and refund due, under this Act.

2. Help and useful links for Section-516

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. Self Service (DIY) Income Tax Filing made Easy