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 Income Tax Exemption |
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What is Tax Exemption ?
According to Chapter III of the Income Tax Act, 1961 there is a provision of exemptions in income tax. There are few types of specified income on which a person can get exemption. It means that at the time of calculating annual income, this type of income will not be added. For claiming any of these exemptions, it is necessary to furnish documents which shows that your income comes under this list. |
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