
Understand the income tax bill 2025 updates to TDS and payroll processing, identify basic concepts, and apply them to compute income tax to be deducted from salary.
Under the new regime, the default tax system offers lower rates and limits deductions to three: standard deduction of 75,000 rupees, employer NPS contributions, and Seva Nidhi deposits.
Compute net taxable salary by adding basic pay and inclusions such as hra and other allowances, then subtract the standard deduction under the new tax regime.
Welcome to the course about New income tax bill 2025. This is a fundamental course that provides basic information about the concepts in the income tax bill 2025. This course will help the learners to get a strong foundation to understand the provisions of the bill and know the differences between old income tax act (of 1961) and the new income tax bill 2025.
This course only covers the concepts required for running a corporate payroll. So, the learners should expect to learn only about the concepts required for running a corporate payroll for Indian companies. Please do not look for concepts like business income or capital gain in this course, as they are not directly related to running a corporate payroll..
If you are looking for a course that will tell you everything about the new income tax bill (which we doubt if any course can actually do) this is NOT the course you should refer to. If you are looking for a course that will explain you the basic concepts of the income tax act and help you to become aware about the basics of the income tax bill 2025, THIS IS THE COURSE FOR YOU.
By the end of this course the you will be able to
•Identify the basic concepts related to the income tax bill 2025
•Describe the importance of the concepts from the perspective of salaried employees and
•Apply the concepts while computing tax liability of the salaried employees.
We hope this course becomes the foundation of your knowledge about the new income tax bill.