What are tax free incomes under Indian Income Tax Act ?
Say 10(1) -Agricultural Income, 10(2)- Amount received by a member of HUF from such Hindu Undivided Family, Similarly 10(2A)- Share of Profits Received by a Partner from a Partnership firm Etc.
You can all the Exempted Income in the below LinK: http://www.exploreincometax.com/Indian-Income-tax-Act-1961/Sectio n-10
.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)