Calculating Taxable Income and Tax Liability Step-by-Step

Enroll now and embark on a comprehensive learning experience that will equip you with the skills to calculate taxable income and tax liability with confidence.

Language : English
Chapters : 0
Category : Income Tax Certification Course
Author : CA Himanshu Kumar

This online accounting course is designed to provide a comprehensive understanding of calculating taxable income and tax liability. Whether you are a business owner, an individual taxpayer, or someone interested in gaining knowledge about taxation, this course will equip you with the necessary skills to navigate the complex world of tax calculations.

Throughout this Income Tax Certification Course, you will learn the step-by-step process of determining taxable income and calculating tax liability for various entities, including individuals, sole proprietors, partnerships, and corporations. The course will cover both federal and state tax systems, focusing on the principles and rules that govern income taxation.

By the end of this course, you will have a thorough understanding of how to calculate taxable income and tax liability for individuals and various business entities. You will be equipped with valuable skills that can help you navigate the tax landscape effectively and make informed financial decisions.

How to Get This Course:

Because this is an Online Calculation of Taxable Income and Tax Liability Course, no in-person lectures will be delivered. After purchasing the course, you may access your account option. All videos, study materials, PDF files, and PowerPoint Presentations will be placed there for easy access by participants. This Online Calculation of Taxable Income and Tax Liability Course costs only Rs 600.

Course Duration:

The course duration is around 10 hours.

Certificate:

On completion of the Online Certification Course, a Certificate of Participation from Tax4wealth will be provided.

Views Limitation:

This Online Accounting Course has no limit on the number of views. After enrolling in the course, you get unlimited access to this Online Calculation of Taxable Income and Tax Liability Course from anywhere at any time.

Who is Eligible to Join this Certification Course:

Our eligibility for the Online Calculation of Taxable Income and Tax Liability Course is unrestricted. This course is open to everyone who wishes to learn and master themselves.

Module 1: Introduction to Taxable Income

✅ Understanding the concept of taxable income

✅ Identifying different types of income and their taxability

✅ Exclusions, deductions, and adjustments to arrive at taxable income

Module 2: Individual Taxation

✅ Determining filing status and exemptions

✅ Calculating gross income and adjusted gross income (AGI)

✅ Applying for applicable deductions and credits

✅ Computing taxable income and marginal tax rates

Module 3: Business Entities: Sole Proprietorship and Partnership Taxation

✅ Determining business income and losses

✅ Separating personal and business expenses

✅ Calculating self-employment tax

✅ Allocating partnership income and losses

Module 4: Corporate Taxation

✅ Understanding the tax treatment of corporations

✅ Calculating taxable income for C corporations

✅ Applying for corporate deductions and credits

✅ Determining tax liability and effective tax rates

Module 5: State and Local Taxes

✅ Overview of state and local tax systems

✅ Understanding state-specific deductions and credits

✅ Calculating state income tax liability

Module 6: Tax Planning and Compliance

✅ Strategies for minimizing taxable income

✅ Planning for deductions and credits

✅ Understanding tax compliance requirements

✅ Filing tax returns and paying tax liabilities

✅ Video on demand
✅ Live & Recorded Sessions
✅ 8 PPT with Details can be downloaded
✅ Compatible with Mobile, Laptop, and TV
✅ Sessions on Telegram as well
✅ Certificate after Completion

✅ Taxpayers
✅ Accounting and finance professionals
✅ Students
✅ Corporate Professionals
✅ Marketing Professionals
✅ Qualified CA/CS/CMA/LLB
✅ Commerce Graduates/CA/CS/CMA/Law Students
✅ Semi-qualified CA, CS, or CMA working in CA firms or industry
✅ Any other person not covered above can join the course if they are interested.

Course Meterials

CA Himanshu

Income Tax, Accounting, Auditing, GST Expert

70 (35 ratings)

38 Courses

CA Himanshu Kumar, as a Chartered Accountant by profession, has helped establish several German, Canadian and US-based companies in India and his clientele includes leading financial services companies, media houses, and IT majors.

His Experiences:

He is an expert in International Financial Reporting Standards, US GAAP, etc. Also, he has provided support to many transnational companies expanding or running their businesses in India. Today, companies can proudly say that it has been instrumental in the crafting of several fund-raising success stories for both organizations and start-ups, which have now developed into full-fledged businesses.

Mr. Kumar Mission and Vision are:

To transform the business world by giving entrepreneurs a platform that enables them to leverage their base of supporters, which could comprise friends, family, etc., and raise collective funds/capital.
He also seeks out potential investors and aims to create a fresh pool of funds while advocating and mentoring many new flourishing companies. It is his firm belief that his company can add value to start-ups in their growth story.

His specialization: