Introduction – Tax Structure in India under Indian Income Act – Residential status of an individual – Scope of total income and its relation with tax.

Income from Salary – Allowances- Perquisites- Gratuity – Pension – Deductions -Computation of salary income. Income from house property – Self occupied – Let Out –Interest on Loan-Computation of House property (Simple Problems)

Profits and gains of business of profession –Income from other sources-Tax Liability(Simple Problems)

Introduction–Concepts–Company–Residential status of company –Tax on Distribution of Profit – MAT (Minimum Alternative Tax) - Taxation with reference to Newly Established Business–Location of Business–NatureofBusiness–Form of Business(Simple Problems)

Wealth Tax-Capital Gain Tax–Property Tax-Professional Tax