Exemption

byPaytm Editorial TeamLast Updated: December 12, 2025

Meaning & Definition

Exemption refers to an income or amount that is not subject to tax. Certain incomes, investments, or allowances may be fully or partially exempt under tax laws.

Key Features

  • Reduces taxable income
  • Encourages specific investments
  • Provided under various tax sections
  • Helps in tax planning

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

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