Clarify me on this. Partial integration of agricultural income is relevant in old tax regime and it's fully exempt in default tax regime? If it includes pgpb income then taxable that pgbp income taxab

Abhishek · 7 Jun 2025

WhatsApp on 9929173453 for guidance

Abhishek · 7 Jun 2025

WhatsApp on 9929173453 for guidance

iamakp07 · 7 Jun 2025

Partial Integration of Agricultural Income: Applicable in Old Regime Only: Partial integration is relevant only under the old tax regime. It is not applicable under the default (new) tax regime. Agricultural Income: It is exempt u/s 10(1) in both regimes. However, in the old regime, if: Non-agricultural income exceeds the basic exemption limit, and Agricultural income exceeds ₹5,000, then partial integration is done to calculate tax on non-agricultural income. PGPB Income: If the assessee has PGBP income (e.g. business profits), that income is always taxable under both regimes. Only agricultural income is considered for partial integration in the old regime. Partial integration applies only in the old regime. PGBP income is taxable under both regimes. Agricultural income remains exempt, but may affect tax under partial integration in the old regime only.