What is tax exemption on income

sanjeev kumar

Dec. 7, 2016, 4:54 p.m.

Answers!

Davneet Singh

Dec. 7, 2016, 8:59 p.m.

Income which is not taxable is called Exempt Income

Example

Agricultural Income is exempt i.e. Not taxable

Exempt income are mentioned in Section 10 of Income tax

Learn more here

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