Which professions are exempt from income tax
In India, no professions is completely exempt from income tax. However, certain professions or categories of taxpayers may be eligible for certain tax deductions or exemptions based on the provisions of the Income Tax Act.
To visit- https://www.incometax.gov.in
As an illustration, specific types of income such as agricultural income and income earned by certain specified institutions like charitable trusts, religious institutions, and political parties are exempt from taxation.. Additionally, certain categories of taxpayers like senior citizens and differently-abled individuals may be eligible for higher basic exemption limits.
It’s important to note that while these taxpayers may be eligible for certain tax benefits, they still need to file their income tax returns and comply with other tax laws and regulations.
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