Indian Income Tax on Salary Income of Individual & HUF

Understanding of Salary Taxation and Planning for Investments, Effective Tax Planning and Save Income Tax

Created by: Gorav Goyal
Instructor at Udemy

What Will I Learn?

• Residential Status as per Income Tax Act 1961
• Basis of Salary Taxability
• House Rent Allowance (HRA) Exemption
• Leave Encashment Exemption
• Gratuity and PPF Provisions
• Process of Form 10E for Relief Under Section 89
• Definition of Salary and Its Components
• Various Exemptions and deductions available to Salary Taxpayers Such as 80C, 80D i.e. Chapter VI A deductions
• Old v/s New Tax Regime u/s 115 BAC

Requirements

• No Specific Knowledge or Material is required as the same will be provided in this course
• Passion for learning and understanding to correctly plan the tax for salary income and save the tax by appropriately investing as per requirements of Income Tax Act

Target audience

• This course is for Corporates, Firms, Individuals, HUF, Salary Individuals and Corporate employees who is responsible for Tax Deduction
• Start Up companies who wants to make tax compliant salary structure for win-win situation for both Employers and Employee
• Develop the maturity and understanding why tax is deducted by the employers and why Government need the tax on monthly basis