incomes normally taxed under IFOS head are given below:- Interest on bank deposits, loans or company deposits, Dividend; Family pension (received by legal heirs of an employee), Income from sub-letting of house property by a tenant, Agricultural income from agricultural land situated outside India, Interest received from IT Dept. on delayed refunds, Remuneration received by Members of Parliament, Casual receipts and receipts of non-recurring nature, Insurance commission, Examiner-ship fees received by a teacher (not from employer), Income from royalty, Director's commission for standing as guarantor to bankers, Winnings from Lotteries, Crossword Puzzles, Horse Races and Card Games, Interest on securities, Income from letting out of machinery, plant or furniture, etc. Any sum exceeding Rs. 50,000/- received without consideration shall be treated as income provided that the sum of money is not received from any relative or on the occasion of marriage of the individual or under a will or inheritance etc.