We know that there are 5 heads of Income under Income tax

  • Income from Salaries- [Salary from job]
  • Income from House Property -[Income from house like Rent]
  • Profits and Gains of Business and Profession -[Business Income]
  • Income from Capital Gains- [Income from sale of Assets]
  • Income from Other Sources- [All other type of Income like Interest or Dividend]

Hence those income which are not falling under first 4 heads are taxable under Income from Other Sources



Dividend Income

Interest Income

Winning from Lotteries/Cross world puzles/Game Shows etc

 Some of these Incomes are exempt,while others are taxable.


Lets study these in detail one by one

  1. Income Tax
  2. Income from Other Sources

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.