Wednesday, August 28, 2024

Only tax free state in India

 In India, individuals whose income falls under the taxable bracket, are required to pay income tax.


There exists a state in India where residents, even if they earn crores, do not have to pay income tax  !!!!!


Surprised  ????!!?


But it is true. 


Sikkim is the only state where residents do not pay income tax on their earnings.


But why is it so  ????


In 1975, Sikkim was merged with India. 


The merger was based on the condition that Sikkim would retain its old laws and special status.


Indian constitution itself excludes Sikkim residents from the purview of income tax. 

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