Accounting & FinanceView Domain Hub →

Income Tax & Corporate Tax Filing (ITR-1 to ITR-6)

Income Tax & Corporate Taxation governs direct tax compliance across individuals, partnerships, and corporate enterprises. Master the 5 heads of income (Salary, House Property, PGBP, Capital Gains, Other Sources), New vs Old Tax Regime optimization, Corporate Tax rates under Section 115BAA, Advance Tax installments, and e-filing ITR-1 through ITR-6.

Curated 2026 Curriculum GuideProject-Based Track

Income Tax e-Filing Portal (incometax.gov.in)Computax / Winman SoftwareClearTax Direct TaxExcel Tax Calculators

🇮🇳 Indian Market Benchmark

Expected CTC Range₹4.0L – ₹14.0L LPA

Estimated Timeline6 – 8 Weeks

Demand Scope30,000+ Direct Tax Openings

Experience LevelFresher Friendly

Top Hubs:Mumbai, Delhi NCR, Bengaluru, Ahmedabad, Kolkata, Hyderabad, Pune, Chennai

Explore Career Compass Match

Core Track Highlights

High seasonal demand during July (Individual ITR) and October/November (Audit ITR) tax seasons

Lucrative independent tax advisory and return preparation consultancy potential

Crucial expertise for CA firms, corporate finance divisions, and family offices

Technical Architecture & Concept Breakdown

Direct Tax Assessment & ITR Filing Pipeline

Gross total income computation, Chapter VI-A deductions, Advance Tax offsets, and ITR e-filing.

Income Tax & Corporate Tax Filing (ITR-1 to ITR-6) Core Architecture Diagram — Figure: Structural Systems & Execution Lifecycle for Income Tax & Corporate Tax Filing (ITR-1 to ITR-6)

5 Heads of Income

Salary, House Property, Profits & Gains of Business/Profession (PGBP), Capital Gains, Other Sources.

Old vs New Tax Regime

Comparing Section 115BAC slab benefits with 80C/80D deductions.

Corporate Tax (Sec 115BAA)

22% flat corporate tax rate and Minimum Alternate Tax (MAT - Sec 115JB).

AIS & Form 26AS Matching

Reconciling Annual Information Statement (AIS) and TIS before e-verifying ITR.

Structured Phase-by-Phase Syllabus

Focus on build-by-doing milestones rather than passive video consumption.

Weeks 1 - 3

Phase 1: Heads of Income & Tax Computation

Income from Salary (HRA, standard deduction, perquisites) and House Property (interest under Sec 24b)
Profits and Gains of Business or Profession (PGBP - presumptive taxation under 44AD/44ADA)
Capital Gains (STCG/LTCG on shares, mutual funds, real estate with Section 54 exemptions)

🎯 Milestone Proof Project: Calculate Gross Total Income and tax liability under both Old and New regimes for a multi-asset individual.

Weeks 4 - 6

Phase 2: Corporate Taxation, Advance Tax & AIS Reconciliation

Corporate tax calculation: Section 115BAA (22% flat rate) and Minimum Alternate Tax (MAT - Sec 115JB)
Advance Tax installment schedules (June, Sept, Dec, March) and interest under Section 234A/B/C
Reconciling Annual Information Statement (AIS), Taxpayer Information Summary (TIS), and Form 26AS

🎯 Milestone Proof Project: Reconcile an Annual Information Statement (AIS) and compute quarterly Advance Tax payments.

Weeks 7 - 8

Phase 3: E-Filing ITR Forms & Defective Notice Responses

Step-by-step e-filing of ITR-1 (Sahaj), ITR-2 (Capital gains), ITR-3 (Business), and ITR-6 (Companies)
Responding to Section 139(9) defective return notices and Section 143(1) intimation adjustments
Filing condonation of delay petitions and rectification requests under Section 154

🎯 Milestone Proof Project: Prepare, file, and e-verify a complete ITR-3 and ITR-6 tax return on the live portal simulator.

Technical Interview Questions & Answers

Q1: What is the default tax regime under Section 115BAC for individuals in India, and what are its key slab rates?

The New Tax Regime under Section 115BAC is now the default regime. It offers lower slab rates: ₹0–3L (Nil), ₹3–7L (5% with Sec 87A rebate making up to ₹7L tax-free), ₹7–10L (10%), ₹10–12L (15%), ₹12–15L (20%), and >₹15L (30%), with standard deduction of ₹75,000 for salaried employees, but foregoes Chapter VI-A deductions (80C, 80D, HRA).

Frequently Asked Questions

Who is eligible for Presumptive Taxation under Section 44ADA?

Resident professionals (engineers, doctors, lawyers, chartered accountants, technical consultants) with gross receipts up to ₹75 lakh (subject to ≤5% cash receipts) can declare 50% or more as net taxable profit without maintaining detailed books of accounts.