Income Tax & GST Basics with Computation

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Income Tax & GST Basics with Computation

This course is part of Tax Planning, GST & Compliance Program Specialization

Instructor: EDUCBA

Included with

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5 modules

Gain insight into a topic and learn the fundamentals.

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

5 modules

Gain insight into a topic and learn the fundamentals.

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Compute taxable income across salary, business, capital gains, and other sources.
Apply tax rules, deductions, and exemptions accurately.
Understand direct and indirect tax concepts for compliance and planning.

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This course is part of the Tax Planning, GST & Compliance Program Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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There are 5 modules in this course

Master direct and indirect tax concepts to confidently compute income and manage tax liability. Learn how to apply taxation rules across salary, capital gains, business income, and more.

This course provides a structured and practical approach to understanding taxation, covering both direct and indirect tax systems. You will learn key concepts such as residential status, income classification, exemptions, and deductions, along with their impact on total taxable income. Through step-by-step modules, the course explores salary components, house property income, capital gains, and business income, enabling you to accurately compute tax liability. You will also gain insights into tax-saving strategies and classification of income from other sources. By the end of the course, you will be able to interpret tax laws, perform accurate calculations, and make informed financial decisions with confidence. Ideal for students and professionals, this course builds a strong foundation in taxation and equips you with practical skills for real-world application and compliance.

This module introduces the fundamental principles of taxation, including the definition and types of taxes, core income concepts, and the importance of residential status in determining tax liability and scope of total income.

What's included

7 videos4 assignments

7 videosTotal 38 minutes

Definition of Tax and Types of Tax6 minutes
Concept of Income6 minutes
Income and other concepts6 minutes
Basic of Residential Status3 minutes
Residential Status of Individual & HUF8 minutes
Residential Status and Scope of total Income6 minutes
Income deemed to Accrue or Arise in India and capture-13 minutes

4 assignmentsTotal 60 minutes

Understanding Taxation Basics10 minutes
Deep Dive into Income Concepts10 minutes
Residential Status & Tax Scope10 minutes
Graded - Foundations of Taxation & Income Concepts30 minutes

This module explores various tax exemptions and salary-related components, including gratuity, pension, allowances, and retirement benefits, helping learners understand tax treatment and exemptions applicable to employment income.

What's included

7 videos4 assignments

7 videosTotal 56 minutes

Introduction - Income Exempt From Tax8 minutes
Gratuity and Pension5 minutes
Retrenchment, VRS, Super Annuation11 minutes
HRA, Scholarship, Awards, Dividend and Minor Child6 minutes
HRA, Scholarship, Awards, Dividend and Minor Child continues8 minutes
Definition of Salary8 minutes
Components of Salary10 minutes

4 assignmentsTotal 60 minutes

Introduction to Tax Exemptions10 minutes
Compensation & Retirement Benefits10 minutes
Salary Structure & Components10 minutes
Graded - Exemptions & Salary Essentials30 minutes

This module focuses on the taxation of income from house property, covering ownership concepts, deemed ownership, and step-by-step computation of taxable income including deductions and annual value calculations.

What's included

6 videos4 assignments

6 videosTotal 31 minutes

Definition of Income From House Property4 minutes
Ownership, Deemed Owner, Income Not Chargeable to Head6 minutes
Calculation - 13 minutes
Calculation - 27 minutes
Calculation - 35 minutes
Leave Travel Concession & Format of Salary6 minutes

4 assignmentsTotal 60 minutes

Basics of House Property Income10 minutes
Property Income Calculation (Part 1)10 minutes
Property Income Calculation (Part 2)10 minutes
Graded - House Property Income & Computation30 minutes

This module covers taxation of capital gains, including types of assets, cost inflation index, and exemptions, along with advanced salary components such as perquisites and leave encashment.

What's included

8 videos4 assignments

8 videosTotal 51 minutes

Introduction of Capital Gains4 minutes
Types os Capital Assets7 minutes
Cost Inflation Index7 minutes
Exemption6 minutes
Exemptions under 54 G & 54 GA,Computation of Capital Gain4 minutes
Gratuity & Leave Encashment7 minutes
Perquisite & Specified Employee9 minutes
Perquisites (Continues)7 minutes

4 assignmentsTotal 60 minutes

Introduction to Capital Gains10 minutes
Capital Gains Computation10 minutes
Advanced Salary Components10 minutes
Graded - Capital Gains & Advanced Salary Concepts30 minutes

This module provides insights into taxation of business and professional income, allowable deductions, tax-saving provisions, and classification of income from other sources such as dividends, interest, and winnings.

What's included

10 videos4 assignments

10 videosTotal 65 minutes

Definition of Business or Profession8 minutes
Deductions Alllowed and Disallowed12 minutes
Remuneration to Partner10 minutes
Deuction of Total Income, Sec 80C and Deduction for LIC5 minutes
Sec 80 CCC, CCD,7 minutes
Sec 80 E & Sec 80 U3 minutes
Definition of Income From Other Sources6 minutes
Dividend5 minutes
Interest Other Than Interest on Securities5 minutes
Income From Wining & Gift Tax5 minutes

4 assignmentsTotal 60 minutes

Business & Professional Income10 minutes
Deductions & Tax Savings10 minutes
Income from Other Sources10 minutes
Graded - Business Income, Deductions & Other Sources30 minutes

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Instructor

EDUCBA

1,142 Courses273,757 learners

Offered by

EDUCBA

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To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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