Income Tax Computation

This course has been designed specifically to help you understand A comprehensive study of accounting principles and practices alongside tax regulations and compliance, designed to equip individuals with the skills to manage financial records and navigate tax laws effectively.

Income Tax Computation

Income tax is a direct tax levied by the government on the income earned by individuals and entities. Understanding the basics of income tax is essential for compliance and effective financial planning. This course will provide a comprehensive understanding of the income tax framework in India, the computation process, and related compliance requirements.

Participants will learn about the current income tax rates and slabs and the steps to compute total income. This includes aggregating income, adjusting for losses, calculating gross total income, applying relevant deductions, determining net taxable income, and finally, calculating the tax liability with applicable cess.


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