What are tax free incomes under Indian Income Tax Act ?
.Agricultural income Section 10(1)
(This incomes has to be considered for determining the rate of tax applicable to the other income)
Any sum received by an individual as a member of a Hindu undivided family from income of the family or from the income of the impartible estate of the family. Section 10(2)
3. Share of profit of a person from a firm, which is separately assessed and where he is a partner. (This clause was introduced by the Finance Act, 1992, w.e.f. 1.4.1993, consequent upon taxation of the income of a firm separately at a flat rate)Section 10(2A)