Income Tax Mastery Course

🧾 Course Description

The Income Tax Mastery Course is a complete and practical program designed to help learners understand and implement the principles of income tax computation under the Indian Income Tax Act. Covering every major head of income, this course provides a step-by-step breakdown of how to compute income tax for individuals, HUFs, and corporates.

With a perfect balance of theory and hands-on calculation, learners will dive into key areas such as salary income, house property, business/profession, capital gains, other sources, deductions under Chapter VI-A, and much more. The course also includes important concepts like clubbing of income, set-off and carry forward of losses, and differentiation between normal and special incomes.

Through practical examples, tax slab analysis, and corporate tax calculations, students will gain the skills needed for professional tax practice, job roles, or self-compliance.

🎯 Learning Outcomes

By the end of this course, learners will be able to:

✅ Understand the structure of the Indian Income Tax System and the legal provisions under the Income Tax Act.
✅ Compute income tax accurately for individuals using all five heads of income.
✅ Calculate income from salary, including allowances, perquisites, and standard deductions.
✅ Compute taxable income from house property and business/profession with proper adjustments.
✅ Determine tax liability from capital gains and income from other sources.
✅ Apply rules of clubbing of income and set-off or carry forward of losses.
✅ Claim eligible deductions under sections 80C to 80U.
✅ Differentiate and apply slab rates on normal vs special income (like lottery, STCG, etc.).
✅ Perform tax calculations for companies and understand the nuances of corporate tax compliance.
✅ Solve practical case studies to apply knowledge in real-world scenarios.
✅ Interpret tax forms, perform basic tax planning, and stay updated with key tax changes.