Beginner’s Guide to Tax Planning & Income Tax

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

Instructor: EDUCBA

Access provided by Refugee Youth Changemakers (RYCM)

5 modules

Gain insight into a topic and learn the fundamentals.

33 reviews

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.

33 reviews

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Compute taxable income under different heads of income.
Apply deductions, exemptions, and tax-saving strategies.
Understand Indian tax structure and make informed financial decisions.

Skills you'll gain

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Assessments

20 assignments

Taught in English

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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 the basics of income tax and tax planning in India to reduce your tax liability and make smarter financial decisions. Learn how to compute income, apply deductions, and plan taxes effectively.

This course provides a clear, step-by-step approach to understanding taxation for beginners. You will learn the fundamentals of income tax laws in India, including tax structure, slab rates, and key definitions essential for tax planning. Through practical examples, you will explore how to classify income under different heads, calculate income from house property, and understand taxation of “income from other sources,” including gifts. The course also covers deductions, exemptions, and legal strategies to optimize your taxable income. By the end of the course, you will be able to confidently compute your taxable income, apply tax-saving strategies, and make informed financial decisions. Ideal for students and working professionals, this course simplifies taxation concepts and equips you with practical skills for effective and ethical tax planning.

This module introduces the fundamental concepts of taxation, including tax structure, income tax laws in India, slab rates, and essential definitions, enabling learners to build a strong foundation for effective tax planning and compliance.

What's included

7 videos4 assignments

7 videosTotal 45 minutes

Course overview4 minutes
Tax Structure6 minutes
Overview of Income tax law in India8 minutes
Why taxes and different slab rates5 minutes
Definitions8 minutes
Steps in planning7 minutes
Income tax returns8 minutes

4 assignmentsTotal 60 minutes

Getting Started with Taxation10 minutes
Understanding Indian Tax System10 minutes
Key Concepts and Planning Steps10 minutes
Foundations of Taxation30 minutes

This module explores the principles of tax planning, differentiates it from tax evasion and tax management, and examines objectives, types, and employer-focused strategies for optimizing tax efficiency.

What's included

7 videos4 assignments

7 videosTotal 44 minutes

Introduction Of Tax Planing And Exemptions1 minute
Tax Planing, Tax Evasion And Tax Management11 minutes
Tax Planing, Tax Evasion And Tax Management (Continues)5 minutes
Difference Between Tax Planing And Tax Management3 minutes
Objectives, Types And Area Of Tax Planing9 minutes
Objectives, Types And Area Of Tax Planing (Continues)9 minutes
Tax Planning From Employers Point Of View6 minutes

4 assignmentsTotal 60 minutes

Introduction to Tax Planning10 minutes
Ethical and Strategic Tax Practices10 minutes
Objectives and Practical Areas of Tax Planning10 minutes
Core Concepts of Tax Planning30 minutes

This module focuses on practical tax planning applications, classification of income under various heads, treatment of agricultural income, and the role of exemptions in optimizing taxable income.

What's included

6 videos4 assignments

6 videosTotal 38 minutes

Tax Planning From Employers Point Of View (Continues)6 minutes
Revisions Of Tax Planing, Tax Evasion And Tax Manangement4 minutes
5 Heads Of Income4 minutes
Agricultural Income8 minutes
Exemptions10 minutes
Revision Of Agriculture Income And Exemptions6 minutes

4 assignmentsTotal 60 minutes

Employer-Based Tax Planning & Revisions10 minutes
Understanding Sources of Income10 minutes
Exemptions and Revisions10 minutes
Tax Planning Applications & Income Basics30 minutes

This module provides an in-depth understanding of taxation related to house property, including taxability conditions, composite rent, gross annual value, deductions, and computation of taxable income.

What's included

7 videos4 assignments

7 videosTotal 51 minutes

House Property- Taxability Conditions7 minutes
Composite Rent2 minutes
House Property10 minutes
Gross Annual Value5 minutes
Deduction From Income From House Property Sec.2412 minutes
Important Points7 minutes
Revision Of Income From House Property7 minutes

4 assignmentsTotal 60 minutes

Basics of House Property Taxation10 minutes
Property Income Calculation10 minutes
Deductions and Final Review10 minutes
Income from House Property30 minutes

This module covers taxation of miscellaneous income, including rules for deductions, taxation of gifts, practical numerical applications, and comprehensive revision of income from other sources.