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Accounting is a fast-growing business that affects every organization in every industry. A traditional bachelor’s degree does not cover the Income Tax course in-depth, and candidates are expected to be well-versed in industry methods and fundamental accounting tools in order to compete. The Income Tax Course is established with these parameters in mind, and students are taught industry-specific abilities that prepare them for employment.

What is income tax?

The document on which an assessment files information about his or her income and tax on it with the Income Tax Department is known as an income tax return. Citizens are required to file returns with the Income Tax Department at the end of each financial year under the Income Tax Act of 1961 and the Income Tax Rules of 1962.

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Hyderabad

Hyderabad is the capital and largest city of the Indian State. According to the 2011 census of India, Hyderabad is the fourth most populous city in India with a population of 6.9 million residents within the city limits, Hyderabad has the fifth-largest urban economy in India. Hyderabad was renowned as the “City of Pearls” until the 19th century because of its pearl industry. Major Indian research, manufacturing, educational, and financial enterprises flocked to the United States in the twentieth century. Since the 1990s, the city has become a pharmaceutical and biotechnology center in India. The establishment of special economic zones and HITEC City, a technology-focused city, has enticed big corporations to establish operations in Hyderabad. Income Tax Course in Hyderabad

Top 10 Income Tax Courses in Hyderabad

1. Henry Harvin Education

 Delivering great training and services through benchmarked material, resources, and state-of-the-art technology to transform the progress of individuals and organizations throughout the world. We are now traveling to various parts of India. As a result, everyone has the chance to develop and earn professionally. On a related note, Henry Harvin is beginning with the income tax course

Duration:

A 172-hour training and certification program led by an instructor.

Trainers:

Highly regarded chartered accountants with over 20 years of expertise who have given over 500 courses with Henry Harvin Finance Academy 

Real-world projects:

During you will get hands-on experience working on real-world projects.

Benefits: 

  • learn the fundamentals of accounting and taxation
  • get training on GST and indirect taxation ideas
  • Network with professionals
  • Gain an understanding of TDS and TCS
  • Benefit from skilled trainers experience and knowledge
  • learn about income tax and business income
  • identify ways to use conceptual accounting and tax abilities in the real world.
  • Develop a financial strategy for your business
  • clarify doubts about income tax

Curriculum:

  • 16 hours for finalizing the balance sheet and preparing the financial statement
  • 32-hour Certified GST Practitioner (CGPA) course
  • Tally ERP Advanced 9 – 28 Hours
  • Advanced Excel and Management Information Systems for Accounts and Finance – 32 Hours
  • Soft Skills Development 
  • HR Payroll Management

Registration: consult with HR people and registered yourself.

Attend income tax course: Attend income tax course (online/offline)

Submit Projects: submit the assignments and projects allocated during the training

Cities in India where Henry Harvin Income tax Course is provided:

Other Henry Harvin Courses:

2. Udemy

This course will cover key provisions of the Indian Income Tax Act that are more useful in the day-to-day work of accountants and entity audits. This course aims for every learner to comprehend the business income provisions under Indian income tax in a short amount of time. Our training is updated regularly.

This course includes a brief of the following topics of Income Tax:

  • Introduction of Indian Income Tax
  • Introduction of various Income Tax Returns forms (ITR)
  • Important Tax Savings Investments, Deductions, or Advice
  • Calculation of Business Income for Income Tax Purposes
  • Business Deductions Allowed and Disallowed
  • Depreciation as it relates to income taxes
  • Income Tax Books of Account and Documents
  • Audit Applicability in Income Tax
  • Scheme of presumptive taxation for small business owners and professionals
  • TDS provisions, important TDS rates, TDS returns, and TDS return due dates are all covered in this article

The Course is for:

The course was created in response to ongoing student demand for an income tax course. This course is mostly for students in India who are pursuing professional courses like CA, CMA, and CS, as well as degree programs like B.Com, M.Com, and BBA. This course is not for students who are not Indian citizens.

Eligibility:

Basics of Accounting

Description:

So go through the Income-tax course curriculum before buying this course. Ensure topics you require are already published before buying. 

The following subjects will be covered in this course:

The Basics of Direct Taxation

Place of residence and total income range

Earnings not included in Total Earnings

5 Different Types of Income

Other people’s incomes are factored into the total income calculation.

Amount deducted from total earnings

Total income and tax payable computation I Advance tax, TDS, and tax collection at source

 

3. Capital trainers offer income tax courses in Hyderabad:

Learning opportunities that are flexible and easy to access can make a major difference in how people learn! Capital Trainers can help you appreciate the wonders of eLearning! Capital Trainers has high quality and number of placements. Capital Trainers has ties to a slew of growing businesses in a variety of industries. We provide the best placement to our aspirants for their good and bright future.

 Income tax Course in Hyderabad is now offering only online batches in this epidemic period.

Benefits:

  • Experienced CA faculty
  • Topic-wise study material
  • Placement
  • Online support
  • Accredited curriculum

Income tax course practical training syllabus:

  • Filing of income tax return (ITR 1 to ITR 7)
  • TDS payments and returns
  • Tax audit

Fees:

ITR + TDS = 4,999 INR

Address:

F1, First Floor,

KVR Enclave, Above ICICI Bank,

Near Gurudwara, Ameerpet,

Hyderabad 500016

4. Gurukul Mantra

Gurukul Mantra is an online learning platform for every segment of the society like students, professional & no formals who wants to upgrade or brush up their skills. Aayogg Consulting Pvt Ltd, which is registered under the Companies Act, is the education division of Gurukul Mantra. The Companies Act, 2013 recognized by the Government of India. We have CA, CS, Sales, and marketing professionals as our core team.

The entire content is developed by a few of the best industry people.

Our Courses:

Accounting and taxation

Professional GST

Benefits of online income tax course:

  • Flexible
  • Engaging
  • Affordable
  • Broader perspective

 

Fees:

Regular batch – 15,999 INR

Weekend Batch – 15,999 INR

           (EMI and part payment facility available)

Contact Us:

306, Gloria Business Center, Pokhran Road No 1,

Near Skoda Showroom, Khopat,

Thane (w), Thane-400602

Batches:

Online daily batch

  • Focused batch for up to 10 people
  • 3 days in a week
  • Convenient timings
  • 1.5 hours session
  • Duration 45 Days       

Online weekend batch

  • The focused batch of up to 10 people
  • Suitable for working professionals
  • 3 hours session
  • 15 Saturdays or Sundays

 

5. ICA Income tax course

ICA has been recognized as India’s Best Vocational Training Institute. With our presence in + cities and a substantial presence in non-urban areas across India, we take pride in contributing to India’s skill-building initiatives- sometimes independently and sometimes as a partner with institutions and governments. Indias No.1 Institute in Accounts & Banking Finance & Taxation – have shaped thousands of careers and changed people’s perception of Accounts & Finance education.

Other courses offered By ICA:

1.Business Computer Application, 2.Financial Accounting, 3.Advanced Practical Accounts, 4.Banking and Finance Management, 5.Import & Export Management, 6.Payroll & Investments, 7.Taxation, R.O.C, 8.Excise & Service Tax 8. Banking and finance, 9.Auditing course

 Address:

3rd Floor, Flat No 305, HMDA Maitrivanam Commercial Complex,

Ameerpet, Hyderabad, Telangana 500038

Location: Ameerpet – Hyderabad

6. Osmania University College for Women

Osmania University College for Women was established in 1924 in Koti, Hyderabad. The College being autonomous offers various combinations of Undergraduate Courses (regular and self-finance programs) Mode of education is full time but nowadays it is both online and offline both. College offers 25 courses across 5 streams. Now, this university offers an Income tax course in Hyderabad.

Other courses:

  • Accounting and commerce
  • Computer science
  • Business and management studies
  • IT and software
  • Computer science

 

7. Coursera

Understand the fundamentals of finance and accounting. Build a solid foundation of finance and accounting abilities. Coursera Specialization is a collection of courses that will assist you in mastering a specific skill. To get started, enrol in the Specialization right now, or examine its courses and pick the one you want to start with. When you enrol in a course that is part of a Specialization, you are automatically enrolled in that Specialization.

Skills you will learn:

  • Corporate Finance
  • Accountancy
  • Making decisions
  • Cash Flow Discounted
  • Analysis of Cash Flows
  • Financial Statements
  • Accounting Terms and Definitions

Another course:

  • Fundamentals of finance
  • Introduction to corporate finance
  • Introduction of financial accounting
  • More introduction to finalization accounting

8. EDUPRISTINE

The mission of the organization is to inspire students to achieve their goals, succeed, and make meaningful contributions to our global community. EduPristine is a premier provider of analytics, accounting, and finance training in India. EduPristine, which was founded in 2008, offers a powerful online platform and a network of classrooms across India and caters to self-paced and online learning.

This course is designed for recently graduated students and want to master in-demand accounting skills and tools. Individuals with 0-2 years of experience wish to upskill and go into high-profile office positions. Individuals who wish to learn how to use the most important accounting tools in the field.

5-month duration and eligibility:

Freshmen and candidates with a Commerce background will benefit most from the income tax course. A graduation degree in B.Com, BBI, or BAF is the minimal requirement.

Application Process: 

Applicants can apply for the Income-tax course either in person or online through the official website. All pertinent information, including the admissions deadline and other pertinent facts, will be sent via email or posted on the official website. The program does not require an entrance examination.

 

9.  Udemy

This course will cover key provisions of the Goods and Services Tax (GST) and the Indian Income Tax (IIT), which are more useful in the practical work of accountants and entity audits. This course aims to ensure that every learner knows GST and the business income provisions of the Indian Income Tax Act in a short amount of time. Our training is updated regularly.

Syllabus:

  • Indian Income Tax and the numerous Income Tax Returns Forms (ITR)
  • Important Tax-Saving Investments/Deductions or Tips, as well as Business Income Calculation
  • Allowable and disallowed business deductions and depreciation under the Internal Revenue Code
  • Income Tax Books of Account and Documents & Income Tax Audit Applicability
  • Scheme of presumptive taxation for small business owners and professionals
  • TDS provisions, important TDS rates, TDS returns, and TDS return due dates are all covered in this article.

10.  IALM Institute

One of the most important fields of study is the income tax course. It includes the rules, regulations, and legislation that govern the tax system. It entails duties on estates, transactions, property, and income, among other things. The goal of this class is to introduce students to the fundamentals of tax laws and processes. Furthermore, the focus of this course will be on direct taxation (Income Tax).

 

Benefits:

Understand how taxes may influence how people spend and save money, as well as the function of taxation in economic decision-making, with this course.

have a basic understanding of tax law

This course is for:

  • Commerce graduates
  • CA students
  • Professionals in Auditing, Financial Planning, Tax Planning & Management.
  • Any person who files his/her tax returns. Any person who wants to know why he/she is paying taxes to the government.

Duration: 

4 months

Fees:

9000 INR

Benefits:

Online evaluation method

The basic concept of income tax 

What is tax?

It costs money to keep a house running. The expense of running a country is also a factor. It is raised by the general population in order to create revenue for the operation of our government. There are two sorts of taxes: direct tax and indirect tax. Direct tax is levied on a taxpayer’s income or wealth. On the purchase of goods or services, an indirect tax is levied. GST and customs duty are two examples.

How does the government use the money received from direct and indirect taxes?

Money is required to run a house, just as a sensible administration is required to operate a country. It spends money on things like power, infrastructure, water dams, highways, and defense. The government spends our money for these purposes.

We can describe our income in Five components:

  1. Income from salary or pension: 

The employer pays you at the end of the month. Salary components, rent-free housing, and interest-free loans are all included in this category. A pension is paid to a retired individual. This will also fall under this category.

    2. Income from rent:

if your income is derived from the rental of a home. This component also includes how you cell your residential property and how much profit you make.

    3. Income from business and profession:

If you run a business, freelancing, tuition, or a shop, you are a service provider, and the revenue you earn falls under this category.

    4. Income from capital gain:

I call income from capital gain income from bonds, shares, land, mutual funds, and property sales.

    5. Income from other sources:

It is a deceptive source of revenue. This income is not taken into account in the previous four components It’s referred to as “alternative source revenue.” Interest from savings, FDs, and dividends, for example.

Gross Salary is the sum of all of these earnings.

Few incomes exempt from the government:

  • Income is not taxable in the hands of the taxpayer
  • Disclosure in the income tax return is recommended
  • For Ex: Interest on PPF, Dividend, shares, provident fund.

You won’t have to pay any taxes on this. You only need to show the income you received when filing your tax return.

You do not have to pay tax on your total gross income. However, you must pay tax on a handful of your investments, such as the Sukanya Samridhhi Yojana, life insurance, school loan interest, PPF, charity trust donations, and health insurance premiums, among others.

Net salary Equals Gross salary minus deductions. On your net salary income, you must pay income tax.

Basic concepts of rebate (Under section 87A)

  • Applicable if next taxable income is INR 5 lakh or less than 5 lakh
  • Applicable only to the individuals resident in India
  • Rebate is essentially the same as a concession. If your net pay is less than INR 5 lakh, the government has agreed to waive the tax. This is referred to as a rebate.
  • Consider the following scenario: Your tax is 12,500 INR on a 5 lakh INR income.

If your annual income is less than 5 lakh, you will be exempt from paying it.

How we can pay tax?

Ways to pay tax– there are three ways through which a taxpayer can pay the taxes to the government.

  1. TDS (Tax deducted source)

At the moment of receiving money, an employer deducts taxes. TDS was created with the goal of collecting tax directly from the source of revenue. According to these notions, a person (deductee) must deduct the tax at the source and remit it to the central government’s account.

     2. Advance tax– To be pay by a taxpayer in installments. A taxpayer must pay advance tax in installments. Advance tax refers to the payment of income tax in advance rather than at the end of the year. Pay-as-you-earn tax is another name for it. These payments must be made over a period of time. According to the income tax department’s deadlines.

   3.  Self-assessments tax– Paid at the timing of filing ITR (income tax return) HM Revenue and Customs employed self-assessments to collect income tax. Wages, pensions, and savings are typically taxed automatically. Other sources of income must be reported on a tax return by individuals and businesses.

Income tax is one of the major sources of income for the government. Which is thereafter to funds, public services, payments of government obligation, and provide goods and services to citizens. Income tax is imposed on individuals and entities that varies with the income or profit of the taxpayer.

I got answers to so many questions while writing this Income tax course in the Hyderabad blog. Still, few are pending like is it good to pay income tax? Why are taxes important to the economy? What is the main purpose of taxation?

Next to the conclusion, I tried to answer a few qu…estions. But to understand this process technically we need to be certified in an income tax course.

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FAQs

Ques 1. What is the minimum qualification required for enrollment?

Ans. An undergraduate degree would stnd as a minimum eligibility requirement to enrol in this accounting and taxation course.

 

Ques 2. Can I just enrol in a single course?

Ans. Yes! To get started, click the course card that interests you and enroll.

 

Ques 3. What is Income Tax describe the history of income tax in India?

Ans. In India, this tax was originally imposed in 1860 by Sir James Wilson in order to compensate the government for losses incurred as a result of the 1857 Military Mutiny. Following that, it was subjected to a number of revisions over time. A separate Income Tax Act was passed in 1886.

 

Ques 4. Who will pay income tax in India?

Ans. Who Are The Taxpayers, Exactly? Any Indian person under the age of 60 who earns more than 2.5 lakhs is required to pay income tax. If a person is above 60 years old and earns more than Rs. 3 lakhs, he or she must pay taxes to the Indian government.

 

Ques 5. What is TDS?

Ans. TDS or Tax Deducted at Source, is the amount of income tax deducted from money received at the time of making certain payments, such as rent, commission, professional fees, salary, interest, and so on. In most cases, the person who receives money is responsible for paying income tax.

 

Ques 6. How can I know my TDS amount?

Ans-Step 1: Go to https://incometaxindiaefiling.gov.in/ 2. 

Step 2: Create an account and login to the portal.

Step 3: Go to the ‘My Account’ tab and select View Form 26AS from the drop-down menu (Tax Credit)

4. Step 4: To download the file and continue, select the year and PDF format.

Step 5: Double-click the downloaded file to open it.

 

Ques 7. What is the difference between advance tax and self-assessment tax?

Ans. Advance tax is paid from the preceding fiscal year to the assessment year. This payment is usually made in three instalments on the 15th of September, 15th of December, and 15th of March. Self-Assessment Tax is paid in advance of filing your income tax returns for a given assessment year.

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