{"id":7601,"date":"2021-04-05T16:02:00","date_gmt":"2021-04-05T10:32:00","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=7601"},"modified":"2021-04-06T18:03:24","modified_gmt":"2021-04-06T12:33:24","slug":"tax-free-incomes-investments","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/tax-free-incomes-investments\/","title":{"rendered":"25 Tax Free Incomes \u2605 Investments in India"},"content":{"rendered":"\n<p>Everyone hates Taxes and go out in full force to save it \u2013 sometime legally and sometimes beyond the law. Fortunately there are still some <span style=\"text-decoration: underline;\"><strong>tax Free incomes &amp; investments<\/strong><\/span>. Learn about them and use it to your advantage.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tax Free Incomes<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Agriculture Income<\/span><\/h3>\n\n\n\n<p>India started as agrarian economy and to encourage farming agriculture was considered tax free income. Unfortunately even after so many years it has remained so due to its political sensitivity. <strong>For tax free income, Agriculture income refers to<\/strong><\/p>\n\n\n\n<ul><li>Processing &amp; sale of agricultural crops<\/li><li>Rental income from agriculture land or building and<\/li><li>Gains from sale\/purchase of agriculture land<\/li><\/ul>\n\n\n\n<p>Unfortunately this loophole is being used big time to make income tax free illegally.&nbsp;A catch in this is for computing tax liability, you need to include agriculture income in your total income if:<\/p>\n\n\n\n<ul><li>Net agriculture income is more than Rs 5000 for the financial year or<\/li><li>Total income (excluding agriculture income) is more than income tax exemption limit.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-e718ed2e\"><h4 class=\"uagb-notice-title\"><strong>23 Most common Investments and How they are Taxed in 2021?<\/strong><\/h4><div class=\"uagb-notice-text\"><p>Taxes eat a large chunk of returns that we make on investments. Keeping this in mind we have compiled list <a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/tax-investments\/\">taxes applicable for most common investments in India<\/a>. We cover everything from fixed deposit to stock markets to real estate.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Some Components of Salary<\/span><\/h3>\n\n\n\n<p>Some components of salary are either fully or partially exempted from tax.&nbsp;Meal Coupons, Mobile Phone and Internet Bill Reimbursement, Leave Travel Allowance, etc are exempted to certain limit and can form part of tax free income. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Share of Profit from Partnership Firms<\/span><\/h3>\n\n\n\n<p>The share of profits received from partnership firms as partner is totally tax free in your hands because the tax is already paid by the firm on it. However all other payments like salary, interests etc are taxable.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-1690cee6\"><h4 class=\"uagb-notice-title\"><strong>Tax Free Salary Components<\/strong><\/h4><div class=\"uagb-notice-text\"><p>There are components in salary which are fully or partially tax exempt. For example HRA is tax exempt if you satisfy certain conditions. You can have the complete list in the post: <a href=\"https:\/\/www.apnaplan.com\/tax-free-salary-components\/\">Must have Tax Free components in Salary<\/a>.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Receipts from HUF for its members<\/span><\/h3>\n\n\n\n<p>Any receipts from HUF income to its members is tax free. This is because HUF in itself is treated as separate tax entity and taxes are already paid by it on its income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Retirement Benefits<\/span><\/h3>\n\n\n\n<p><strong>Retirement benefits such as <a href=\"https:\/\/www.apnaplan.com\/gratuity-calculation-formula\/\" class=\"rank-math-link\">Gratuity<\/a>, <a href=\"http:\/\/www.apnaplan.com\/tax-leave-encashment\/\">Leave encashment<\/a><\/strong> etc are either fully or partially tax free income depending if you are government or non-government employee and the amount received.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Commutation of Pension<\/span><\/h3>\n\n\n\n<p>On retirement Central &amp; State Government employees, Local Authority, Defense Services and PSU employees can encash a part of their pension in lumpsum known as Commutation of Pension. This amount is tax free.&nbsp;In case of other employees the commuted pension is partially exempted from tax.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-bf179e8c\"><h4 class=\"uagb-notice-title\"><strong>How to Pay 0 Income Tax on Salary of Rs 20+ Lakh (FY 2020-21)?<\/strong><\/h4><div class=\"uagb-notice-text\"><p>As you can see with the above income tax calculation, salary components and salary structure plays a very important role in how much income tax you pay. We have come up with some optimised salary structure using which you <a href=\"https:\/\/www.apnaplan.com\/zero-income-tax-11lakh-salary\/\">pay NO income tax even with CTC of more than Rs 20 Lakhs<\/a>.<\/p><\/div><\/div>\n\n\n\n<div class=\"wp-block-image size-full wp-image-8532 is-style-default\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"991\" height=\"571\" src=\"http:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png\" alt=\"Tax Free Incomes and Investments in India\" class=\"wp-image-8532\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png 991w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x-300x173.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x-768x443.png 768w\" sizes=\"(max-width: 991px) 100vw, 991px\" \/><figcaption><strong>Tax Free Incomes and Tax Free Investments in India<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Tax Free Pension<\/span><\/h3>\n\n\n\n<p>Pension received from some organizations like UNO is tax free income. Also one-third or Rs 15,000 (whichever is less) is exempted from tax in case of family pension received by dependents.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Voluntary Retirement<\/span><\/h3>\n\n\n\n<p>Amount up to Rs 5 lakhs received at the time of voluntary retirement or termination of service is tax free income. Any excess is taxed at income tax slabs applicable to you.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-c0a96542\"><h4 class=\"uagb-notice-title\"><strong>How much Taxes you Need to Pay this Year? <\/strong>Download Our Income Tax Calculator to Know your Numbers<\/h4><div class=\"uagb-notice-text\"><p>Do you know how much tax you need to pay for the year? Have you taken benefit of all tax saving rules and investments? Should you use the &#8220;NEW&#8221; tax regime or continue with the old one? In case you have all these questions just <a href=\"https:\/\/www.apnaplan.com\/income-tax-calculator-india\/\" class=\"rank-math-link\">Download the Free Excel Income Tax Calculator for FY 2021-22 (AY 2022-23)<\/a> and get your answers.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Retrenchment<\/span><\/h3>\n\n\n\n<p>The compensation received by employees in event of closure of a company is tax free income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Scholarship<\/span><\/h3>\n\n\n\n<p>Any scholarship received to cover educational expenses is tax free u\/s 10(16). The scholarship need NOT necessarily be awarded by Government. &nbsp;\u2018Cost of education\u2019 includes not only the tuition fees but all other expenses which are incidental to acquiring education. Scholarship may have been given by Govt., University, Board, Trust, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Awards by Government<\/span><\/h3>\n\n\n\n<p>All payments receive in cash or kind as an award given by the central or state governments or by a body recognized by the central government is tax free income.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-be9eb94a\"><h4 class=\"uagb-notice-title\"><strong>Best way to Double your Money<\/strong><\/h4><div class=\"uagb-notice-text\"><p>Who does not want more and wouldn&#8217;t you love to <strong>Double your money<\/strong>? For sure we all would &#8211; we have <a class=\"rank-math-link\" href=\"https:\/\/www.apnaplan.com\/best-ways-to-double-money\/\">listed 7 authentic investments which you can use to double your money<\/a>. The post talks not only about the returns but also the risks associated with each investment.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Government Relief Funds<\/span><\/h3>\n\n\n\n<p>Any amounts offered by government to individuals from Prime Minister\u2019s National Relief Fund or students fund or foundation for communal harmony is tax free.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Gifts<\/span><\/h3>\n\n\n\n<p>Gifts received from relatives are tax free u\/s 56(2) without any upper limit. Also gifts up to Rs 50,000 from non-relatives are tax exempted and hence tax free income.&nbsp;The good this is <strong>all gifts received at the time of marriage from relatives or non-relatives are fully exempted from tax.<\/strong> Following are considered relatives as per income tax laws:<\/p>\n\n\n\n<ul><li>Spouse of Individual<\/li><li>Brother or sister of Individual<\/li><li>Brother or sister of spouse of Individual<\/li><li>Brother or sister of either of parents of Individual<\/li><li>Any lineal ascendant or descendant of Individual<\/li><li>Any lineal ascendant or descendant of spouse of Individual<\/li><li>Spouse of person referred to in clauses above<\/li><\/ul>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-ceb14047\"><h4 class=\"uagb-notice-title\"><strong>How to generate Regular Monthly Income?<\/strong><\/h4><div class=\"uagb-notice-text\"><p>There can be several situations when we <strong>look for regular income<\/strong>. This is especially true for people after retirement\u00a0without any pension. Also there would be new entrepreneurs who need regular income until their start-up stabilises. We tell you\u00a0<strong><a href=\"https:\/\/www.apnaplan.com\/regular-income-investment\/\">13 investments which can generate regular income<\/a><\/strong> for you along with their pros and cons.<\/p><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Tax Free Investments<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Tax Free Bonds<\/span><\/h3>\n\n\n\n<p>As the name suggests any interest received on tax free bonds is NOT taxable and hence a good tax free investment for person in highest income tax slab. There are no fresh issues of tax free bonds now but they can be purchased through your Demat account from <a href=\"https:\/\/www.nseindia.com\/\" target=\"_blank\" aria-label=\"stock exchanges (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"rank-math-link\">stock exchanges<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Interest on Saving Account<\/span><\/h3>\n\n\n\n<p>Interest received up to Rs 10,000 in saving account (either banks or post offices) is tax exempted u\/s 800TTA. Any excess interest is taxed at marginal income tax rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Interest on NRE Accounts<\/span><\/h3>\n\n\n\n<p>The interest earned on NRE (Non Resident External account) deposits for NRIs are completely tax free. The money in NRE account is fully repatriable &#8211; means if you are in US and you invest some money in India in your NRE account, the principle and interest money can be taken back to US. So NRE deposits is good tax free investment for NRIs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Interest on Fixed Deposit for Senior Citizens<\/span><\/h3>\n\n\n\n<p>Budget 2018 <a href=\"https:\/\/www.apnaplan.com\/changes-tax-rules-fy2018-19\/\" class=\"rank-math-link\">i<\/a>ntroduced a new <strong>Section 80TTB<\/strong>. According to this <strong>Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank\/ post office fixed deposit, recurring deposit or savings account<\/strong>. If a senior citizen opts to take advantage of Section 80TTB, he cannot claim further tax benefit u\/s 80TTA. Non-senior citizens and HUFs are not eligible for 80TTB exemption. <\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-8e064eb5\"><h4 class=\"uagb-notice-title\"><strong><strong>Senior Citizens\u2019 Savings Scheme: An Excellent Investment <\/strong><\/strong><\/h4><div class=\"uagb-notice-text\"><p><strong><strong>Senior Citizens\u2019 Savings Scheme<\/strong><\/strong> or SCSS is an excellent investment for senior citizens for regular income and tax saving u\/s 80C. It is 100% safe as its backed bu Government of India, the interest paid is generally higher than bank fixed deposits and the investment is eligible for tax saving u\/s 80C. We explain <a href=\"https:\/\/www.apnaplan.com\/senior-citizens-savings-scheme\/\" class=\"rank-math-link\">the eligibility, process and do&#8217;s &amp; don&#8217;ts of SCSS in this post.<\/a><\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">EPF\/VPF (Employee\/Voluntary Provident Fund)<\/span><\/h3>\n\n\n\n<p>The EPF is tax free if it&#8217;s withdrawn after 5 years of continuous service. In case withdrawal happens before 5 years, it\u2019s fully taxable. Five year of continuous service means that your EPF account is active (has received active contribution) for more than 5 years even if you have changed multiple employers in the period. <\/p>\n\n\n\n<p>Budget 2021 has made some more changes to the taxation of EPF\/VPF. Starting April 1, 2021 any interest earned on employee contribution of more than Rs 2.5 lakh a year would be taxable at marginal income tax slab rate. Even now EPF\/VPF can be considered a good tax free investment. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">PPF (Public Provident Fund)<\/span><\/h3>\n\n\n\n<p>The maturity amount or partial withdrawals from PPF are completely tax free and hence a great tax free investment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Sukanya Samriddhi Account<\/span><\/h3>\n\n\n\n<p>The interest received on Sukanya Samriddhi Account is tax free. This makes it good tax free investment option for girl child.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-a9799886\"><h4 class=\"uagb-notice-title\"><strong>Sukanya Samriddhi Account + PPF + SCSS Calculator<\/strong><\/h4><div class=\"uagb-notice-text\"><p>Sukanya Samriddhi Account, PPF,  Senior Citizens\u2019 Savings Scheme are part of small saving scheme sponsored by Government of India. These schemes are quite popular and rightly so because of the safety, higher interest rate offered among other things. We have built calculator for each of them where you can check the maturity amount, loan eligibility, partial withdrawal and more. Click on the links to get the relevant calculator &#8211;  <a href=\"https:\/\/www.apnaplan.com\/ppf-calculator-excel\/\" class=\"rank-math-link\">PPF Calculator<\/a>, <a href=\"https:\/\/www.apnaplan.com\/sukanya-samriddhi-yojana-calculator\/\" class=\"rank-math-link\">Sukanya Samriddhi Yojana Calculator<\/a>, <a href=\"https:\/\/www.apnaplan.com\/scss-calculator\/\" class=\"rank-math-link\">Senior Citizens\u2019 Savings Scheme Calculator<\/a>, <a href=\"https:\/\/www.apnaplan.com\/nsc-calculator\/\" class=\"rank-math-link\">NSC Calculator<\/a>.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Life insurance policy Maturity Amount<\/span><\/h3>\n\n\n\n<p>Maturity Amount of life insurance policy is tax free&nbsp;if the premium paid for all the years are less than 10% of the maturity amount.&nbsp;Surrender amount for endowment\/traditional insurance is exempt from tax after 3 years while its tax free for ULIPs after 5&nbsp;years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Long Term Gains on Stocks &amp; Equity Mutual Funds<\/span><\/h3>\n\n\n\n<p>The long term capital gains in equities &amp; equity mutual funds used to be 100% tax free. However Budget 2020 introduced tax on capital gains. Now long term capital gains up to Rs 1 Lakh is tax free. Any gains above that is taxed at flat rate of 10.4% (including cess).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Sovereign Gold Bonds<\/span><\/h3>\n\n\n\n<p>There is no capital gains&nbsp;tax if the bonds are held till maturity. However the interest received is taxable. Also if the bonds are sold before maturity it entails capital gains tax.<\/p>\n\n\n\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__outer-wrap uagb-inline_notice__align-left uagb-block-06a2c0c5\"><h4 class=\"uagb-notice-title\"><strong>Know about the latest issues of Sovereign Gold Bonds<\/strong><\/h4><div class=\"uagb-notice-text\"><p>Sovereign Gold Bonds are one of the better ways to invest in gold. It&#8217;s safe, backed by government of India and you need not be worried about purity of gold or storage. The icing on the cake is you get interest paid on your investment. You can buy these Sovereign Gold Bonds from NSE\/BSE but the liquidity is a problem. So it&#8217;s a good idea to subscribe to <a href=\"http:\/\/www.apnaplan.com\/category\/gold\/\" class=\"rank-math-link\">latest issue of Sovereign Gold Bonds<\/a> which comes almost every month.<\/p><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Gold Monetization Scheme<\/span><\/h3>\n\n\n\n<p>The interest received is tax free.&nbsp;Also there is No Capital Gains Tax on the appreciation in the value of gold deposited.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"background-color: #ccffcc;\">Inheritance<\/span><\/h3>\n\n\n\n<p>Thankfully <strong>there is NO inheritance tax in India<\/strong>. So all the assets, money etc you receive from inheritance or will is tax free.&nbsp; But after it\u2019s transferred to you, any income generated using inherited asset is your income and taxed accordingly.<\/p>\n\n\n\n<p>We hope the above <strong>list of tax free income and tax free investment would help you in planning your investments and income streams.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tax Free Income &amp; Investments FAQs<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1617616307345\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 What are Tax Free Income in India?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Following is the list of tax free income in India:<br \/>1.  Agriculture Income<br \/>2. Components of Salary like Meal Coupons, Mobile Phone and Internet Bill Reimbursement, Leave Travel Allowance, etc.<br \/>3. Share of Profit from Partnership Firms<br \/>4. Receipts from HUF for its members<br \/>5. Retirement Benefits like Gratuity, Leave encashment<br \/>6. Commutation of Pension<br \/>7. Pension from UNO<br \/>8. Voluntary Retirement Payments up to Rs 5 Lakhs<br \/>9. Retrenchment compensation<br \/>10. Scholarships<br \/>11. Awards by Government<br \/>12. Government Relief Funds<br \/>13. Gifts from relatives &amp; Gifts up to Rs 50,000 from non-relatives <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1617618816972\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 What is Best Tax Free Investments in India?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Following is the list of Tax Free Investments in India:<br \/>1. Interest received on Tax Free Bonds<br \/>2. Interest on Saving Account up to Rs 10,000<br \/>3. Interest on NRE Accounts<br \/>4. Interest on Fixed Deposit for Senior Citizens up to Rs 50,000<br \/>5. Employee\/Voluntary Provident Fund for contribution up to Rs 2.5 Lakhs<br \/>6. Public Provident Fund<br \/>7. Sukanya Samriddhi Account<br \/>8. Life insurance policy Maturity Amount<br \/>9. Long Term Capital Gains on Stocks &amp; Equity Mutual Funds up to Rs 1 Lakh<br \/>10. Long Term Capital Gains on Sovereign Gold Bonds<br \/>11. Interest received on Gold Monetization Scheme<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1617618971190\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 How much tax free income?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>As per income tax slabs for FY 2021-22, If you earn below Rs 2.5 lakhs in India, you don&#8217;t need to pay income tax. Senior Citizens above 80 years of age don&#8217;t have to pay taxes up to income of Rs 5 Lakhs.  <br \/>Also if you fulfil certain conditions income up to Rs 5 Lakh becomes tax free due to application of <a href=\"https:\/\/www.apnaplan.com\/section-87a\/\" class=\"rank-math-link\">Section 87A<\/a>. <\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1617619242852\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">\u2705 How much salary is tax free in India?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>As per income tax slabs for FY 2021-22, If your net taxable salary after all eligible deductions is below Rs 2.5 lakhs in India, you don&#8217;t need to pay income tax. <br \/>Also if you fulfil certain conditions your net taxable salary after all eligible deductions is up to Rs 5 Lakh it becomes tax free due to application of <a href=\"https:\/\/www.apnaplan.com\/section-87a\/\">Section 87A<\/a>. <\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Everyone hates Taxes and go out in full force to save it \u2013 sometime legally and sometimes beyond the law. Fortunately there are still some tax Free incomes &amp; investments. Learn about them and use it to your advantage. Tax Free Incomes Agriculture Income India started as agrarian economy and to encourage farming agriculture was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[6,3013,63],"tags":[3184,3186,3180,3183,3185,1999,3181,3179,3182],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png",991,571,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x-300x173.png",300,173,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x-768x443.png",768,443,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png",991,571,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png",991,571,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png",991,571,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2017\/01\/Tax-Free-Incomes-and-Investments-in-India-x.png",120,69,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":5,"uagb_excerpt":"Everyone hates Taxes and go out in full force to save it \u2013 sometime legally and sometimes beyond the law. Fortunately there are still some tax Free incomes &amp; investments. Learn about them and use it to your advantage. Tax Free Incomes Agriculture Income India started as agrarian economy and to encourage farming agriculture was&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7601"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=7601"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/7601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/8532"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=7601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=7601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=7601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}