Every taxpayer needs to have a clear grasp of the key essentials of income tax, even if you have back-up help of a CA or tax expert. Here is must-know expert guidance on computing your income and taxes — and trouble-free assessment of your tax returns. In simple, clear style, Mr. Lakhotia provides you expert guidance on:

• How to compute your taxable income from different sources: salary, house property, business, profession, etc.

• Which incomes are taxed — and which are not

• All the tax-saving exemptions, rebates, and reliefs you are eligible for

• Deductions you can avail of when computing your total taxable income

• How different taxpayers are assessed: Individuals, HUFs, Firms, Companies, Non-Residents, etc.

• Procedure for filing an appeal when you think you have been assessed wrongly

• Penalties and prosecution: when these apply and how to avoid them

• Procedure of tax refunds — and much, much more.

Plus: Your income tax rates for A.Y. 2015-16 and 2016-17.

Ram Niwas Lakhotia is a well-known authority on taxation in the country. He is a regular writer and editor of several books on Income-tax, Vegetarianism and also Humour. His various books have seen over 500 editions so far. He regularly writes for leading newspapers. He had a brilliant academic career. He stood First Class First in both the Degree and Post-Graduate Examinations in Commerce. He joined the Indian Revenue Service and stood First in the whole of India in the I.T.O’s Examination.

As the founder Chairman of Rajasthani Academy, New Delhi he is active in social service and cultural activities. Every year he awards “Lakhotia Puraskar” of Rs. 1 lakh, declared by the Central Government as a National Award for the best writer in Rajasthani language. He is past District Governor of Lions Clubs International. As the President of Vegetarian Congress of Delhi he is spreading Vegetarianism for Health and Happiness. He is Trustee of several Charitable Trusts. He has addressed over 5,000 seminars & lecture meetings in India and abroad and conducted a very popular show “Tax Doctor” of Zee Business.