📚 UP PGT Commerce | Income Tax Class 1 | Basics + Income Tax Act, 2025 | Complete Introduction

Welcome to The Learning Nest! 🎓 In this UP PGT Commerce Income Tax – Class 1, we will build a strong foundation of Income Tax and understand the important changes introduced by the Income Tax Act, 2025. 📌 In this class, we will cover: • Meaning & basics of Income Tax • Important Income Tax terminology • Income Tax Act, 1961 – basic overview • Why was the new Income Tax Act introduced? • Income Tax Act, 2025 – introduction • Key structural changes in the new Act • Previous Year vs Tax Year • Assessment Year vs Tax Year • Applicability of the Income Tax Act, 2025 • Important points for UP PGT Commerce exam 🔥 Exam Focus: Special emphasis will be given to concepts and changes that are important from the UP PGT Commerce perspective. The Income Tax Act, 2025 replaces the Income Tax Act, 1961 from 1 April 2026. The new Act introduces the concept of “Tax Year” in place of “Previous Year” and discontinues the use of “Assessment Year” under the new framework. 📌 Target Exams: UP PGT Commerce | PGT Commerce | DSSSB PGT | KVS PGT | NVS PGT | Other Commerce Exams 👍 Like | 🔔 Subscribe | 📤 Share The Learning Nest – Learn • Prepare • Succeed #UPPGTCommerce #IncomeTax #IncomeTaxAct2025 #PGTCommerce #UPPGT #CommerceClasses #TheLearningNest #IncomeTaxBasics #TaxYear