By Admin 
Tax free income: In today’s time, people try many ways to save tax. They invest in various schemes, take loans or resort to donation. Usually every citizen of the country has to pay tax on their income. This year the deadline for filing income tax returns is 15 September 2025.
If you are also preparing to file your return, then it is very important to know which income is taxable and who does not tax. This will also make it easier for you to file returns and will also save tax. Today we are going to tell you about 10 such income through this news, on which no tax has to be paid. Let’s take a look at this list-
Agricultural income
India is an agricultural country, so the income from agriculture in the Income Tax Act, 1961 has been excluded from the purview of income tax to promote the agricultural sector of the country.
Gratuity
Usually, there is no tax on gratuity due to being a part of the cost to company. According to the amendment made after the recommendation of the 7th Pay Commission, there is no tax on the gratuity amount up to Rs 20 lakh.
Savings Account Income
If the interest on savings account is less than Rs 10,000, then no tax will be levied on it. However, if you have more than one bank accounts and the interest amount received on them is Rs 10,000 and Rs 5,000 respectively, then your taxable income will be Rs 5,000.
Scholarship and Government Awards
If a student receives scholarship or award from the government or recognized institution for his studies, then the income tax is exempted under Section 10 (16) of the Income Tax Act.
Allowance for foreign service
If you do a government job and your posting is outside the country. If you get allowance for this, then there will be no tax on it. Under Section 10 (7) of the Income Tax Act, if a government employee is serving abroad and is getting any allowance in return, then he will be tax free.
Money deposited in PF account
The money deposited in PF account is tax free under Section 80C of the Income Tax Act. However, the condition in this is that it should not exceed 12 percent of the basic salary.
Voluntary retirement
The amount received on voluntary retirement before retirement is tax free up to Rs 5 lakh. Apart from this, there is no tax on relatives or gifts received on the occasion of marriage.
Senior Citizen Savings Scheme
There is no tax on the original amount investment in Senior Citizen Savings Scheme (SSSS). However, the interest on this is taxable. You can claim deduction under Section 80TTB up to Rs 50,000. If interest is more than 50,000, then tax will have to be paid on it.
Partnership firm’s share
If you have a stake in a partnership firm, then there will be no tax on the income from the company.
Long term capital gains
Investments made in equity or mutual funds are not taxed on long term capital gains. However, the income from date mutual funds has to be taxed.
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Do not take any tension to forget ITR login, file your returns in this way without any hassle