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Tag: how to pay income tax

Income Exempted under IT Act

Exempted income
Introduction Section 10 provide a list of income exempted under IT Act. List provides exemptions which are allowed to the salaried persons. The objective is to reduce to reduce the burden of taxing such as House Rent allowances, Children Education Allowance, Hostel Allowance, Gratuity, Leave Travel Allowances etc.   Section 10(1) – Agriculture Income As [...]
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