Non taxable Incomes in India

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December 17, 2012 at 3:12 pm #68266

Anonymous
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Do you know, how many incomes are not taxable in India?

December 18, 2012 at 1:38 am #76021

Anonymous
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Int. from PPF, GPF
Money back or maturity amt. from LIC
Gift (I think up to 20,000/-)
Retirement/death gratuity
Leave salary (30/yr)
Scholarships for education

December 18, 2012 at 1:04 pm #76024

Anonymous
Inactive

I also like to add the following:
Travelling Allowance
Savings bank interest upto Rs. 10,000/-
Gift from anyone upto Rs. 50,000/- (@Torkona: it is not 20k )
Commutation of Pension
VRS upto Rs 5 lacs
Awards or Rewards by Govt. / Govt. Recognized body

December 19, 2012 at 12:47 pm #76056

Anonymous
Inactive

It would be more helpful if it is possible to tag appropriate section of income tax rule for each area of exemption. thank you!

January 16, 2013 at 7:24 pm #76419

Anonymous
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I support B Roy.
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