5 types of incomes you don't need to pay tax for

Priya Vishwakarma

Jul 11,2024

Under Section 10(1) of the Income Tax Act, income from agriculture is completely tax-free.

Income from Agriculture

Gifts from close relatives are not taxed.

Gifts Received from Relatives

Gratuity received by a government employee after death or retirement is completely tax-free.

Income from Gratuity

Scholarships provided by various institutions to students for completing their studies are tax-free.

Scholarships

Pensions received by recipients of gallantry awards like the Mahavir Chakra, Param Vir Chakra, and Vir Chakra are tax-free.

Certain Pensions

The pension received by family members of Indian Armed Forces personnel is also exempt from tax.

Certain Pensions