Top 9 Income types in India that are exempt from Tax

[{"selector":"#anim-4ad3aef9-c57d-440e-bc61-612094e6fba0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Agricultural Income Income earned from agricultural activities is exempt from income tax under section 10(1) of the Income tax Act

[{"selector":"#anim-8a2f93c3-d3a3-4e79-b6b6-83a17f1cc3ac [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.248121128699296%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Interest on Savings Accounts Interest earned up to Rs10,000 annually from savings accounts is tax-exempt under Section 80TTA.

[{"selector":"#anim-94c7f835-6a26-4521-a7ce-96849213764c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.882660350500934%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Long-Term Capital gains on Equity Gains from equity investments held for over one year, subject to securities Transaction Tax (STT), are exempt under Section 10(38)

[{"selector":"#anim-ca4a2950-eed9-4c2c-ba46-7a6389e41af3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Dividend Income Dividends received from domestic companies are tax-free for the recipient under Section 10(34)

[{"selector":"#anim-94f02e72-9a96-4b90-b741-3293405b0832 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.25177478210927%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Scholarships & Awards Grants provided for educational purposes are tax-exempt under Section 10(16)

[{"selector":"#anim-918516bc-f78c-4762-97ce-b12d89c5534c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Gratuity Gratuity received by employees as per the payment of Gratuity Act is partially exempt based on service tenure

[{"selector":"#anim-eca2e103-bde2-4a5d-824c-f9d5b356bd38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Leave Encashment Leave Encashment received by government employees at retirement is exempt under specified conditions

[{"selector":"#anim-0b5e1a54-e9ed-400b-b5ad-6d53f5f1d0e0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Life Insurance Proceeds Maturity benefits and death proceeds from life insurance policies are tax-free under Section 10(10D)

[{"selector":"#anim-bbd9ef7e-a799-4065-9017-695256172a46 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-30.563481945504968%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Gifts & Inheritances Gifts received from specified relatives or on occasions like marriages are tax-exempt under Section 56(2)