The product 'INCOME TAX-BASIC CONCEPTS, RESI STATUS EXEPMTED INCOMES' provides a comprehensive guide on income tax and its basic concepts. It covers the various aspects of calculating income tax, such as taxable income, deductions, exemptions, and tax slabs. The product also includes detailed information on residential status and its implications for income tax calculations. Additionally, it provides insights into the concept of exempted incomes, explaining the specific types of income that are exempt from taxation. This product is designed to help individuals gain a better understanding of income tax fundamentals and make informed decisions when it comes to filing their tax returns.