Declare your Exempt Incomes

Declare your Exempt Incomes

Exempt income refers to earnings that are not taxable under the Income Tax Act. However, even though these incomes are tax-free, you are still required to report them in your tax return.

Common examples include:

  • Gifts received within specified limits

  • Interest from certain government bonds

  • Agricultural income

  • Tax-free dividends (as applicable)

Note: Declaring exempt income ensures full transparency and helps avoid any scrutiny or mismatch with reported data.

Web
Mobile
Web

Steps to add Exempt Incomes

  1. Navigate to File > Incomes > Other Incomes, Select Any Other Income

  2. Add your total exempt incomesAdd your total exempt incomes
Mobile

Steps to add Exempt Incomes

  1. Navigate to File > Incomes > Other Incomes,  

2. Select Any Other IncomeAdd your total exempt incomes

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