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    Income Tax

    Posted By : KAMAL / Published on : 19-Apr-2022 01:33 PM / View : 331 / Comment : 1

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    Hi,

    What is Income Tax Deduction? What is Exempted Income in Income Tax?
    Read more on : income

    • Hi Kamal

      Under the Income Tax Act, Deduction is the amount is included in the Gross Income but later gets deducted from the Total Income to finally arrive at the Taxable Value.

      However the exempted income is the income on which the provision of Income Tax Act are not applicable.

       

      Hope it clarifies your doubt.

       

      13-06-2022 / 05:49:00 AM
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