Total Income and Tax Liability of an Individual

🧠 Total Income and Tax Liability of an Individual: A Deep Dive into India's Tax System

Course Headline: 🎉 Unlock the Secrets of Your Finances with "Total Income and Tax Liability" - Mastering Income Tax for Individuals! 🎉

Introduction: Welcome to our comprehensive online course designed to demystify the complexities of income tax for individuals in India. This course will provide you with an in-depth understanding of how your income is perceived by the tax authorities, the legal clubbing of income under various scenarios, and the intricacies involved in setting off losses against income.

Course Modules:

📚 Module 1: Clubbing of Income

• Understanding the concept of clubbing of income under sections 60, 61, and 64 (including 64(1A)).
• Learn how incomes of other persons can be clubbed with your income as per Income Tax Act.

📊 Module 2: Set-Off and Carry Forward of Losses

• Explore the provisions for setting off losses against income.
• Dive into the detailed rules for carrying forward losses.
• Understand the nuances of setting off losses under different heads and activities.

🤑 Module 3: Deductions from Gross Total Income

• Discover the deductions available under chapters VI A and B, and sections 80C to 80U.
• Learn about the concept of Gross Total Income and why deductions are crucial.

Key Topics Covered:

📈 Gross Total Income (GTI)

• Definition and components that constitute your GTI.

✍️ Deductions Under Sections 80C – 80U

• A detailed look at each section, with a special focus on Section 80C and its related sub-sections.
• Explore the latest deductions introduced like 80EE, 80EEA, and 80EEB.

🤝 Section 80D & Health Insurance Benefits

• Understand the deduction available for medical and health insurance premiums.

💰 Calculating Total Income and Tax Liability

• Step-by-step guide to computing your total income.
• Learn how to calculate your tax liability based on your age category.

💸 Advance Tax Payments and Compliance

• Understand the concept of 'Pay as you earn' scheme.
• Get familiar with the installmental payment of advance tax and the due dates.

Who Should Take This Course?

• Individuals looking to understand their income tax liabilities better.
• Business owners who wish to optimize their deductions and minimize tax burdens.
• Anyone interested in mastering the intricacies of personal income tax in India.

Learning Outcomes: By the end of this course, you will be equipped with:

• A solid understanding of how your income is taxed.
• The ability to compute and manage your total income effectively.
• The knowledge to optimize deductions and reduce your tax liability legally.
• A comprehensive grasp of the advance tax payment system in India.

Join Dr. Mohd Saifi Anwar on this Journey! Embark on this enlightening journey with our expert instructor, Dr. Mohd Saifi Anwar, who will guide you through each aspect of income tax for individuals. Whether you're a working professional, a business owner, or simply someone interested in financial planning and personal finance management, this course is tailored to meet your needs.

📅 Enroll Today! Secure your spot and start mastering the art of managing your finances according to India's tax system. With our flexible online learning environment, you can learn at your own pace and on your own schedule. Don't miss out on this opportunity to become financially savvy and compliant with tax laws!

👉 Click Here to Begin Your Learning Journey Now!