| DIRECT VS INDIRECT TAXES |
| HEADS OF INCOME |
| STEPS IN COMPUTATION OF TOTAL INCOME & TAXABILITY |
| RATES OF INCOME TAX |
| ASSESSMENT YEAR & PREVIOUS YEAR |
| INCOME OF PY TAXED IN SAME YEAR |
| PERSON |
INDIVIDUAL
| BASIC PRINCIPLES |
| ALLOWANCES |
| – FULLY EXEMPT |
| – PARTLY EXEMPT |
| RETIREMENT BENEFITS |
| – GRATUITY |
| – LEAVE ENCASHMENT |
| – VRS |
| – PROVIDENT FUNDS |
| – ESOP |
| – LTA |
| DEDUCTION UNDER THE HEAD SALARIES |
| BASIC CONCEPTS |
| DEDUCTION UNDER THE HEAD HP |
| SPECIAL ASPECTS |
| – ARREARS OF RENT RECEIVED |
| – CO-OWNERSHIP |
| MEANING |
| MAINTENANCE OF ACCOUNTS |
| DEPRECIATION |
| PRESUMPTIVE INCOME |
| PAYMENT OTHER THAN BY ACCOUNT PAYEE CHEQUE SEC 40A |
| MEANING OF CAPITAL ASSETS |
| STCA & LTCA |
| CAPITAL GAINS COMPUTATION |
| COST OF ACQUISITION |
| COST OF IMPROVEMENT |
| INDEXED COST OF ACQ/IMPROVEMENT |
| EXEMPTION FROM CAPITAL GAINS |
| MEANING |
| DEDUCTION |
| TAXABILITY OF GIFTS |
| MEANING |
| SITUATIONS IN WHICH CLUBBING PROVISIONS ARE ATTRACTED |
| CROSS TRANSFER |
| 9.SET OFF & CARRY FORWARD OF LOSSES |
| 80C PRESCRIBED INVESTMENTS |
| 80D MEDICLAIM POLICY |
| 80E INTERESTON REPAYMENT OF LOAN TAKEN FOR HE |
| 80DD EXP FOR HANDICAPPED DEPENDENTS |
| 80DDB EXP FOR SPECIFIED DISEASES |
| 80EEA LOAN TAKEN FOR PURCHASE OF HP |
| 80EEB LOAN TAKEN FOR PURCHASE OF ELECTRIC VEHICLE |
| 80TTA INT ON SAVINGS A/C |
| 80TTB INT ON SAVINGS & FD FOR SENIOR CITIZEN |
| 80U HANDICAPPED RES. INDIVIDUAL |
| 11.ADVANCE TAX & INTEREST |
| 12.REBATE & RELIEF |
| 13. DIFFERENT TYPES OF RETURNS |
| 14.PERSONS EXEMPTED FROM FILING RETURN OF INCOME |
| 15.TAX DEDUCTED AT SOURCE |