Tax Free Incomes in India or you can say Exempt Incomes not having tax

Have you ever noticed that while filing your income tax return, there is an option to show exempt income? Many people overlook this, but it is equally important to declare exempt income just like taxable income. If you receive any exempt income and think there’s no need to show it in your ITR because it’s exempt, you may still receive a notice. Therefore, not only is it important to show exempt income in your ITR, but it’s also crucial to understand the types of exempt income.


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