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The Economic Times

Business

Sneha Kulkarni

Tax-free income in India: 8 types of income you don’t need to pay any tax on

Income Tax India Insurance

When you have an income from a source, the first thing that may strike your mind is the income tax that you may need to pay on it. You may need to pay this tax at special rates or slab rates. But there are incomes which enjoy a tax-free status or are exempt from income tax. Taxpayers may earn such an income from agriculture, provident fund, commuted pension, gifts, etc. Abhishek Soni, founder and CEO, Tax2Win, explains 8 instances when you don’t need to pay any tax on your income.

1. Income earned from agriculture

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