Finance
EnglishExploring tax-free income: EPF, PPF, and more goodies!
Hey there! Let’s dive into the world of tax-free income! You can enjoy goodies like EPF, PPF, and gratuity without the taxman knocking. Agricultural income is also on the list, but remember, there are rules. Life insurance, scholarships, and pensions are exempt too, but don’t forget to mention them when filing your taxes. Compliance is key to keep the tax department happy!
few days ago | Amit Kumar
Quick rundown
1.Agricultural income in India is fully tax-exempt.
2.PPF follows the EEE model for tax benefits.
3.EPF withdrawals are tax-free after five years of service.
4.Gratuity is fully exempt for government employees.
5.Interest on certain government bonds is tax-free.
