7 Incomes You Can Avoid Paying Taxes On!
2. Long term Capital Gains
Any income arising to a taxpayer on account of sale of long-term capital asset is exempt from income tax obligation. For example in case the shares of any company listed on a stock exchange is sold after holding them for a minimum period of one year, there is no liability for payment of any capital gains.
3. Agricultural Income
Under the provisions of Section 10(1) of the Income Tax Act, agricultural income is fully exempt from income tax. However, for individuals or HUFs when agricultural income is in excess of 
5,000, it is aggregated with the total income for the purposes of computing tax on the total income in a manner which results into "no" tax on agricultural income but an increased income tax on the other income.
