5 major sources of income that are tax free in India

While the Income Tax department has laid out all the specific rules pertaining to ITR as per the Income Tax Act, there are a few types of incomes which are exempt from the scope of Income Tax. Such type of incomes are known as tax-free incomes. 

New Delhi: It is that time of the year again when people are ready for filing Income Tax Return (ITR), the annual ritual by individuals and other category of taxpayers.  While the Income Tax department has laid out all the specific rules pertaining to ITR as per the Income Tax Act, there are a few types of incomes which are exempt from the scope of Income Tax. Such type of incomes are known as tax-free incomes.  Gift received from relatives