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 or 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 – Nature of Business – Form of Business(Simple Problems)

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