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Debojit Samanta   10 May 2021

Exempt income a. y. 2021-22

What are the exempt income in a. Y. 2021-22? Is dividend(s) from equity & mutual fund exempt income? If not, then are these dividends are to be included in total income? Is ppf interest exempt income?


 8 Replies

divya

divya (Miss )     10 May 2021

Ppf interest in exempt income
geeta

geeta (UNEMPLOYED)     11 May 2021

Lic also
Sourav

Sourav (Student)     11 May 2021

Ppf Interest is exempt income.

dividend from mutual funds are tax free
Lotus Choudhary

Lotus Choudhary   11 May 2021

Yes these are exempt income.
Debojit Samanta

Debojit Samanta   11 May 2021

But tax deducted from many mutual fund dividends which is showing in 26AS form.
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     11 May 2021

As DDT has now been abolished, I think dividend income is taxable. TDS @ 10% when it exceeds Rs.5000.

veerendar singh

veerendar singh (tax consultant)     11 May 2021

No dividends are exempt now. ppf continues to be exempt.
Naresh Lathia

Naresh Lathia (Sr.Accountant)     21 May 2021

Dividend received in not tax free above 5K. Bank interest is also tax free till certain limit, PPF Interest will continue tax free income maybe life time. 


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