- Includes practical examples with more than 100 items of tax-free incomes and investments which result in tax-free income,
- Judicial pronouncements have been examined and mentioned as appropriate,
- Discusses investments which result into tax-free income or zero-level income tax to the investors,
- Helps a tax-payer in reducing his overall tax burden and even to attain a zero-tax status legally,
- Contains areas like agricultural income, casual income, share of profit of a partner from a partnership firm, dividends on shares and units of mutual funds, interest on Relief Bonds, moneys received from the LIC, interest income of NRIs on deposit in Non-Resident (External Account),
- Includes various types of allowances granted to an employee like the conveyance allowance, uniform allowance, DA, TA, etc,
- Discusses the tax-free income on new industrial undertakings established in the Free Trade Zones, SEZs and 100% EOUs which enjoy 5 to 10 year complete tax holiday,
- Covers provisions relating to 5-year complete tax holiday to new industrial undertakings in certain backward States and Union Territories, etc.