ITR Filing 2025: There are many types of income in India which do not cost income tax.
ITR Filing 2025: There are many types of income in India which do not cost income tax. No tax has to be paid on such income. The government has kept these income in a tax free category. Know which are these 10 incomes here.
Under Section 10 (1) of Agriculture Income-Income Tax Act, the income from farming is completely tax free.
Money received from the insurance policy – Maturity or bonus amount of life insurance policy is tax free with certain conditions.
Interest and Total Mount received from Public Provident Fund (PPF): Interest received on the amount deposited in PPF account and the amount on maturity is completely tax free.
Scholarship and Government Awards – Scholarship from government or recognized institutions and the amount of state or national awards like Bharat Ratna, Arjuna Awards is free.
Gifts from relatives – Under certain conditions, gifts received from close relatives are tax free. Gifts received at the time of marriage are also tax free.
Receipt received from HUF – The amount received by the member from HUF is tax free.
Advantage of retirement: Gratuity is up to a few limit, holiday cash (for government employees) and some categories of pension are free.
Medical insurance, some allowance from office – such as medical insurance premium, mile coupon, phone, internet bill etc. are tax free till some limits.