Tax Exemption

The Pension Fund Regulatory and Development Authority's Atal Pension Yojana is a government initiative that seeks to create a universal social security system providing pension cover for the poor, underprivileged, and unorganised sector workers.

Gifts exceeding ₹50,000 are taxable under the Income Tax Act as income from other sources. Exemptions apply for gifts from relatives or on special occasions. Full list of exemptions here.

Pension income in India is taxable based on type. Regular pensions are taxed as salary, while commuted pensions can be partially exempt. Full details here.

Experts explain the tax impact of selling a reinvested house within three years and whether NRIs can claim India-UAE DTAA relief without a current-year TRC.

PPF is a government-backed savings scheme with tax-exemption that parents or guardians can open for their child / minor in care, till the account holder turns 18. Here's all you need to know about the process, contribution limit, deduction, and more…

Interest accrued on the accumulated balance, post cessation of employment, the period when no contribution is made to the EPF, is taxable.

Starting 1 April 2026, any compensation and interest awarded by the Motor Accidents Claims Tribunals to an individual or their legal heirs will be entirely exempt from income tax.

From 1 April, only primary sovereign gold bond subscribers holding bonds till maturity will get capital gains exemption.

Ahead of the Budget, Mint conducted a poll of 1,674 readers to understand their expectations. The findings show broad approval of last year’s tax changes. But demand for further relief and exemptions remains strong.

Many individuals may not realise they owe tax on profits from selling residential properties. Capital gains tax rates vary based on holding periods, with exemptions available for reinvestment in new properties or specified bonds, provided certain conditions are met.