Welcome to Manika TaxWise

A Commerce, Tax, Accounting & Finance Education Platform


(For Class 11–12, Graduation, CA, CMA, CS & MBA Students)


Commerce subjects often feel confusing—not because they are beyond understanding, but because they are rarely explained with enough clarity and patience..


Manika TaxWise is created as a learner-first educational space where taxation, accounting, auditing, finance, and commerce concepts are explained step by step, in simple language, based on real teaching and professional experience.


This platform focuses on helping students and professionals understand what they are studying, reduce confusion, and build confidence gradually—without selling courses, services, or shortcuts.


At Manika TaxWise, Learning here is calm, practical, and grounded in clarity.


Remember: mastering commerce isn’t about memorizing rules—it’s about understanding concepts, applying knowledge, and making smart decisions. With Manika TaxWise by your side, you’ll gain the confidence to manage finances effectively and navigate the world of taxation and accounting like a pro.


So, why wait? Start exploring our resources, learn step-by-step, and take charge of your financial journey today!




About Manika TaxWise


Manika TaxWise is a free educational platform created to make finance, taxation, accounting, auditing, and commerce easier to understand for learners at every stage.


Commerce feels heavy mainly because explanations often skip the thinking behind the concepts. Rules are taught without logic. Provisions are memorised without context. Over time, learners start doubting themselves instead of questioning the explanation.


This platform exists to change that pattern.


In real classroom experience, clarity begins when concepts are explained slowly, with practical reasoning and relatable examples. Once learners understand why something works the way it does, fear reduces and confidence starts building naturally.


Education here is meant to guide—not overwhelm.


Income Tax Updates

GST News

Financial dictionary

Judiciary & Legal Updates

Finance & Stock Updates

Read more

View all

Audit Under Income Tax Act: Applicability, Limits & Penalties Explained

Introduction: Why Income Tax Audit Matters Today Many taxpayers believe that an income tax audit is only for large businesses or corporates. In reality, thousands of small traders, professionals, and startups fall under tax audit every year without realizing it —often leading to penalties, notices, and unnecessary stress. With changing turnover limits, digital transactions, and stricter rep…

Income Tax Slabs in India: Old vs New Regime Explained with Examples

Introduction: Why Income Tax Slabs Matter More Than Ever Choosing the right income tax regime in India is no longer a routine annual task—it has become a critical financial decision . Since the introduction of the New Tax Regime, taxpayers now face a real dilemma: Should you stick with the Old Regime and claim deductions, or switch to the New Regime with lower slab rates but fewer benefits? …

Types of Income Tax Returns (ITR 1 to ITR 7): Which One Should You File?

Introduction: Why Choosing the Right ITR Form Matters More Than You Think Filing an Income Tax Return (ITR) is not just a compliance formality—it is a legal declaration of your income, taxes paid, and financial transparency. One of the most common mistakes taxpayers make is choosing the wrong ITR form , often assuming all returns are the same. With seven different ITR forms (ITR 1 to ITR 7)…

Complete Guide to Income Tax Filing in India (AY 2025–26)

Introduction: Why Income Tax Filing Matters in AY 2025–26 For many Indian taxpayers, income tax filing is not just an annual formality—it is a financial responsibility that directly affects savings, compliance status, and future financial opportunities. With Assessment Year (AY) 2025–26 , several taxpayers are facing confusion around old vs new tax regime choices, updated deductions, reportin…

GST Registration in India: Step-by-Step Process, Fees & Required Documents

Introduction: Why GST Registration Matters Today Starting or running a business in India today is almost impossible without understanding GST registration . Whether you are a small trader, freelancer, online seller, startup founder, or service provider, GST registration directly impacts your legality, credibility, and growth potential . Many people delay or avoid GST registration due to co…

Deferred Revenue Expenditure (DRE): Complete Guide for Students & Professionals

Deferred Revenue Expenditure (DRE) is a fascinating topic in accounting because it sits at the intersection of financial prudence, strategic business planning, and regulatory compliance. If you’ve ever wondered why some expenses don’t fully hit the profit and loss account in the year they occur, this is exactly the concept behind it. In this comprehensive guide, we’ll explore DRE from every an…

Absorption Costing: Meaning, Methods, Examples & Complete Guide for Students and Professionals

Introduction: Why Absorption Costing Still Matters Today If you’ve ever wondered why two companies with similar sales figures report completely different profits, the answer often lies in how they calculate their product costs — and absorption costing plays the lead role here. Even though many modern management courses highlight marginal costing or variable costing for decision-making, abso…

Absolute Advantage: Meaning, Examples, Formula & Importance in International Trade (Complete Guide)

If you’ve ever wondered why countries trade , why India imports microchips from Taiwan but exports pharmaceuticals worldwide, or why Bangladesh dominates in garments while the USA leads in technology – the answer often starts with a simple but powerful idea: Absolute Advantage . Most textbooks explain this concept mechanically – definition here, formula there – but real learning begins when yo…

Load More
No results found