ITR Filing 2025: In today’s time, people look for many options to save tax on their income. They invest in many schemes, take a loan or even give donations. We are telling you about 10 such types of income. In which no tax of any kind is levied. Let us know what are such earnings
ITR Filing 2025: Generally, every citizen has to compulsorily pay tax on his income. This year the last date for filing income tax return is 15 September 2025. In such a situation, if you are also preparing to file your return, then it is important for you to know which income is taxed and which is not. By knowing this, you will not only be able to fill your return correctly but can also save tax. Today we are telling you those 10 incomes on which you do not have to pay income tax. Let’s know about them.
1 – Income from agriculture
India is an agricultural country. To promote the agricultural sector in the country, income from agriculture has been kept out of the purview of income tax in the Income Tax Act 1961. Tax exemption is available on income from agriculture. Taxpayers can get tax exemption by showing income from agriculture in their returns. Overall, there is no tax of any kind on income from agriculture.
2 – Gratuity
There is no income tax on gratuity received by a government employee. As per the amendment made after the recommendation of the 7th Pay Commission, there is no tax on gratuity amount up to Rs 20 lakh. Whereas for private employees, the tax exemption limit is still Rs 10 lakh.
3 – Income from savings account
If the interest received from savings account is less than Rs 10,000, then there is no tax on it. This exemption is also available on interest received from more than one account. If you have more than one bank account and get interest of Rs 10,000 and Rs 5000 respectively on them, then your taxable income will be Rs 5000.
4 – Income from partnership firm shares
If you hold a stake in a partnership firm, then the income from such a company is outside the scope of income tax. According to section 10(2) of the Income Tax Act, the shareholders of a partnership firm are not required to pay income tax on the income.
5 – Long Term Capital Gains (LTCG) Tax
Long term capital gains on investments made in equity or mutual funds are tax exempt. Under section 10(36) of the Income Tax Act, if capital gains are made by selling shares or mutual funds in a period of more than one year, then income tax exemption is available on it. However, this does not apply to debt mutual funds. Tax has to be paid on the income from this.
6 – Senior Citizen Savings Scheme
If you are a senior citizen and you have invested in Senior Citizen Savings Scheme (SSSS), then no tax will be levied on your principal amount. But, you may have to pay tax on the interest income. Also keep in mind that you will have to mention this in the income tax return.
7 – Voluntary retirement
The amount received on voluntary retirement before retirement is tax-free up to Rs 5 lakh. There is no tax on gifts received from relatives or on the occasion of marriage.
8 – Money deposited in PF account
The amount deposited by you in the PF account is exempted under Section 80C of the Income Tax Act. The condition in this is that this amount should not exceed 12% of your basic salary. If the amount is more than this, then you will have to pay income tax on the remaining amount.
9 – Scholarships and awards
If a student gets a scholarship or an award to cover his studies, then it is exempt from income tax under section 10 (16) of the Income Tax Act. There is no limit on the amount.
10 – Allowance for foreign service
If you are in a government job and your posting is outside the country and you get an allowance in lieu of it, then income tax will not be levied on it. Section 10 (7) of the Income Tax Act provides that if a government employee is serving abroad and he is getting an allowance in lieu of it, then it will be tax free.
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