AOP Members Maximum Exemption Limit

This discussion clarifies the maximum exemption limit for AOP (Association of Persons) members for the financial year 2019-20. It explains that the exemption is not a fixed amount but depends on the individual member's status, including their age and any applicable deductions. The core question revolves around whether AOP income becomes taxable when a member's income is significantly higher, with the advice to check the maximum income not chargeable to tax for each member.