> #finance , #taxation > What happens to the non-taxable income in calculating tax? ?
Anonymous
more than 3 weeks ago

What happens to the non-taxable income in calculating tax? ?

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more than 3 weeks ago
Non-taxable income is not included in the calculation of taxable income for tax purposes. This means that it is not subject to income tax and does not affect the amount of tax owed. Non-taxable income may include items such as gifts, inheritances, certain types of benefits, and certain types of investment income.
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