Question

What are the income donot form the part of total income?

Answer 1

Answer:

Incomes which do not form part of total income are exempt income. Thus income, to the extent they are exempt, are not included in the total income for computation of his total income. As per section 10 to 13A. Certain incomes are totally exempt from tax or exempt upto a certain amount.

Answer 2

Incomes which do not form part of total income are exempt income. Thus income, to the extent they are exempt, are not included in the total income for computation of his total income. As per section 10 to 13A. Certain incomes are totally exempt from tax or exempt upto a certain amount.