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hi guys welcome to eddie moon classes and my name is megha in today's rare class we'll be starting with the topic of individual taxation this topic has an approximation of 15 to 25 percent as per the latest aicp blueprints and what topic we'll be starting with today is form 1040. now here you can see an overview of 10 form 1040. what all incomes are included what all deductions are allowed from the income and how are we calculating taxable income but before we jump on to that calculation we have to understand what exactly is form 1040 form 1040 form 1040 is filed by any ssc whose income is above the standard deduction level having said that the form 1040 has certain variations which are filed as per the assessee's needs to begin with we've got form 1040 you've got 1040 easy as the name suggest it's an easier version of the form key income complications come here income heads come in a form 1040 easy use which is an easier version takes less time the next form is form 1040 x it's a for...