✅ 8 Tax-Free Incomes in India (As per Income Tax Act)
🟢 Agricultural Income earned from genuine farming activities carried out on agricultural land located in India is fully exempt from tax.
🟢 Gifts & Inheritances received from relatives, on the occasion of marriage, or through inheritance are tax-free. Gifts from non-relatives are exempt up to ₹50,000 in a financial year.
🟢 Scholarships, stipends, grants, and fellowships received specifically for educational purposes are completely exempt from income tax.
🟢 Gratuity received by government employees is fully exempt, while private sector employees enjoy exemption up to ₹20 lakh, subject to conditions.
🟢 EPF withdrawals after 5 years of continuous service and PPF maturity amounts including interest are fully tax-free.
🟢 Life Insurance payouts are exempt if premium conditions are met. In case of death, the maturity or claim amount is always tax-free.
🟢 HUF income or receipts earned from HUF-owned assets or distributed from already taxed HUF income are exempt in the hands of members.
🟢 Commuted pension received as a lump sum is exempt from tax, either fully or partially, depending on whether the individual is a government or non-government employee.
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