Income Tax Free State in India: Under Section 10(26AAA) of the Income Tax Act, 1961, the original residents of this state included in the North Eastern states of India are exempted from income tax.
New Delhi:Income Tax Free State in India: The citizens of the country have to pay a certain part of their income to the government in the form of Income Tax (Income Tax0). If you do not have to pay income tax on your salary according to the tax slab, then you -You will be able to save up to 30% more. Just imagine if you do not have to pay any income tax return on your income, how much relief it will be. Because the burden of income tax is on every salaried class. Often people try to save tax. For Tax Saving), they are engaged in investing in various savings schemes or showing their income in some way. But you will be surprised to know that there is a state in the country where no matter what the income of the people is. But they do not have to pay even a single rupee as tax.
Today we are going to tell you about one such state of the country, where the natives have been given Income Tax Exemption relief. Actually, there is only one state in India, where the citizens do not have to pay income tax. The name of this state is Sikkim. Yes, the original residents of Sikkim do not have to pay income tax for years. Apart from this, all the people of the country have to pay tax on the basis of income tax slab according to their earnings.
Why the people of Sikkim were given relief in Income Tax
Now you must want to know that why this big relief has been given to the people living in the state of Sikkim in income tax. The state of Sikkim has got the status of special states under Article 371-F. Let us tell you that the natives of this state, included in the North-Eastern states of India, have been exempted from income tax under Section 10(26AAA) of the Income Tax Act, 1961. This is the reason that people living here do not have to pay any kind of tax on their income.
About 95 percent of the people of Sikkim are getting tax exemption
Earlier, the exemption on Income Tax-Free Sikkim in Sikkim was for those limited people who had Sikkim subject certificate. But after the order of the Supreme Court in 1989, other people were also included in the exemption available under the Income Tax Act. After this decision of the Supreme Court, about 95 percent of the people of Sikkim have come under the ambit of income tax exemption.
