The conversation between human and AI assistant.
If a house wife who is income tax payee deposits Rs 2.5 lacs in her a/c, will this income is exempted?
I have a question regarding income tax. If a house wife who is an income tax payee deposits Rs 2.5 lacs in her bank account, will this income be exempted?
No, the income will not be exempted. It will still be subject to income tax.