Curriculum Personal Tax Planning in India
Personal Tax Planning in India
A practical guide to paying the right tax legally - planning vs evasion, salary components, the 80C basket, health insurance deductions, capital gains after 2024, FD and debt fund taxes, gifts and inheritance, NRI basics, the 12 lakh zero-tax limit, rental income, tax notices and a yearly tax calendar.
- Tax Planning, Avoidance and Evasion The difference between legal tax planning, aggressive avoidance and illegal evasion, and why honest planning is both smart and safe. 📄 Read-aloud
- Understanding Salary Components and Tax How different parts of a salary - basic pay, HRA, LTA, standard deduction and reimbursements - are taxed, and how salary structure affects take-home pay. 📄 Read-aloud
- The 80C Basket: Tax-Saving Investments The common investments and expenses that qualify for the popular 1.5 lakh rupee deduction under the old regime, and how to choose among them. 📄 Read-aloud
- Health Insurance and Tax Deductions How premiums for health insurance and preventive check-ups reduce taxable income under the old regime, with higher limits for senior citizens. 📄 Read-aloud
- Capital Gains Tax After the 2024 Changes How India taxes profits from selling shares, mutual funds and property after the July 2024 budget changes to rates, exemptions and indexation. 📄 Read-aloud
- Tax on Fixed Deposits, Savings and Debt Funds How interest from bank deposits and savings accounts is taxed, when banks deduct TDS, and how to avoid unnecessary deductions with Forms 15G and 15H. 📄 Read-aloud
- Personal Tax Planning in India: Checkpoint 1 Quick checkpoint - five questions on planning vs evasion, salary components, 80C, health insurance and capital gains. 5 questions
- Taxes on Gifts and Inheritance How India taxes gifts of money and property, why gifts from relatives are exempt, and why there is no inheritance tax but future sales can be taxed. 📄 Read-aloud
- Tax Basics for NRIs How residency status is determined for tax, what income NRIs pay tax on in India, and how double taxation treaties help. 📄 Read-aloud
- The 12 Lakh Zero-Tax Limit How the 2025 budget's changes to the new tax regime meant no income tax for most people earning up to 12 lakh rupees, and what it means for tax planning. 📄 Read-aloud
- Taxes on Rental Income How rent from property is taxed in India, the 30 percent standard deduction, home loan interest deductions and common mistakes landlords make. 📄 Read-aloud
- Records, Mismatches and Tax Notices Why taxpayers receive notices, how to check your Annual Information Statement for mismatches, and how to respond calmly and on time. 📄 Read-aloud
- A Year-Round Tax Calendar Key dates and actions across the financial year to avoid last-minute stress, plus a recap of the module. 📄 Read-aloud