Saturday, January 30, 2021

What are the incomes that are taxable in India?

                     What are the incomes that are taxable in India? 





1: Income earned from receiving Salaries 

2: Income earned from Capital Gains

Income earned from House Property 

4: Income generated via Business/Profession, Like as:-

  • Chartered accountants

  • Lawyers, doctors who have their own practice

  • Business people 

  • Freelancers

  • Life insurance agents

  • Tuition teachers 

5 Income from Other Sources, Like as:-

  • Income generated from dividends 
  • Profits from horse races, gambling, lottery, etc.  

  • Pension received after the death of the pensioner 

  • Gifts received from friends and family 

  • Interest earned on debentures, bonds, securities, etc. 

  • Interest earned on savings bank accounts, fixed deposits, etc. 

  • Rental income from properties other than house property 

  • Gifts earned by taking part in a game show/TV program 

 

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