TheTaxHeaven Dictionary - Know the meaning of tax

Exempt Incomes

Incomes that are classified as 'exempt' are not subjected to taxation as per the stipulations of Income Tax law, making them distinct from taxable incomes. 

Several forms of income, including dividends and agricultural earnings, fall under the umbrella of exempt incomes, and are typically spared from tax obligations. 

For a comprehensive understanding of this concept, you may reference the full list of tax exempt incomes.