TMI BlogWhat is the tax treatment of agriculture income?X X X X Extracts X X X X X X X X Extracts X X X X ..... income is exempt from tax under Section 10(1) of the Income-tax Act. However, the agriculture income is included in the total income of a specified assessee (individual, HUF, BOI, AOP, or Artific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income. Step 3: Calculate tax on the aggregate of net agricultural income and maximum exemption limit as if such income is the total income. Step 4: The amount of tax calculated in Step 2 sh ..... X X X X Extracts X X X X X X X X Extracts X X X X
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