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Exemptions Under Section 10 Of The Income Tax Act| FY 2021-22
Any income earned by an individual during a financial year that is tax-free is termed as ‘Exempt Income’. Section 10 of the Income Tax Act allows the taxpayers to take exemptions for specific incomes if they fulfil the conditions outlined in the Income Tax Act. Exempt income comes in many forms, such as interest received through PPF ...
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