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When we think of taxable income, we often overlook earnings that attract tax even if they weren’t earned in the traditional sense.
Here’s a list of six surprising taxable incomes that you should know before ITR filing in 2025.
Any money that you win from lotteries, gambling, online contests, or even from KBC is taxed at 30% under Section 115BB with no deductions or exemptions.
If you receive gifts from individuals who are not your relatives worth over ₹50,000 in cash or material forms like jewellery or property, it is taxable under Income from Other Sources.
If your employer offers perks like rent-free accommodation, free meals or club membership, they’re a part of your salary and are taxed as part of your total income.
Any money raised on crowdfunding platforms, or even UPI donations, may be taxable (unless it’s a gift from family or relatives). The tax depends on the nature and type of funding.
If you provide services and get paid in the form of goods or services, the market value of the compensation will be taxed to both parties.
If you get interest on a delayed refund from the Income Tax Department, the interest will be taxable under Income from Other Sources.
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