Income from agriculture- The government does not levy taxes on income from agriculture. Tax exemption has ... (11,12,13) of Income Tax, ... Not even a rupee tax is levied on these 10 incomes, ...

Certain incomes come under exemptions, partially or fully, under the Income Tax Act. Like incomes from agriculture, NRE account, provident fund, gratuity, etc. are exempt from taxes.

8) Any scholarship granted to meet education costs is tax exempt under Section 10 (16) of the Income Tax Act. 9) Gratuity received from the employer up to ₹ 20 lakh after rendering 5 years of ...

Income Tax Return Filing Online for FY 2022-23: With the July 31, 2023 deadline for ITR filing for AY 2023-24 approaching, it’s important to take note of some common, and some not so common tax ...

In Budget 2025, Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax rebate, not a full exemption, effectively reducing tax ...