Saturday, December 29, 2012

These incomes are not taxed

Although the tax man has been vested with the task of collecting taxes on the incomes of the citizens, he has deemed certain kinds of incomes as “not included in total income”. Thus, if any earning that you receive falls under these categories then you don’t have to treat it as income or pay tax on it. Let’s take a look at the different incomes that are not incomes