Tax Free Income: Government has kept these incomes in the tax free category, check list here

ITR Filing 2025: There are many types of income in India on which income tax is not levied. No tax is to be paid on such income. The government has kept these incomes in the tax free category. Know here which are these 10 incomes.

ITR Filing 2025: There are many types of income in India on which income tax is not levied. No tax is to be paid on such income. The government has kept these incomes in the tax free category. Know here which are these 10 incomes.

1. Agricultural Income – Under Section 10(1) of the Income Tax Act, income from farming is completely tax free.
2. Money received from insurance policy – The maturity or bonus amount of a life insurance policy is tax free with certain conditions.
3. Interest and total amount received from Public Provident Fund (PPF): Interest received on the amount deposited in PPF account and the amount received on maturity are completely tax free.
4. Scholarships and government awards – Scholarships received from the government or recognized institutions and the amount of state or national awards like Bharat Ratna, Arjun Award are tax free.
5. Gifts received from relatives – Gifts received especially from close relatives are tax free under certain conditions. Gifts received at the time of marriage are also tax free.
6. Receipt received from HUF – The amount received by the member from HUF is tax free.
   Retirement benefits: Gratuity up to certain limits, holiday cash (for government employees) and some categories of pension are tax free.
7. Medical insurance, some allowances received from office – like medical insurance premium, meal coupons, phone, internet bills from office etc. are tax free up to certain limits.
8. PF, NPS, Senior Citizen Savings Scheme – The interest or maturity amount received from these investments is tax free subject to certain conditions.

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