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Following incomes exempt from Income Tax 1) Agricultural income 2) Interest on PPF/GPF/EPF 3) Interest on GOI / other approved tax free bonds 4) Dividends on Shares and equity Mutual Funds 5) Long term capital gain on sale of Shares and equity Mutual Funds (after 12 months) upto 1,00,000. 6) Any sum received under Life Insurance Policy either on death or maturity 7) Gratuity up to Rs 10,00,000 8) Voluntary retirement up to Rs 5,00,000 9) Awards & Scholarship for education 10) Interest on saving bank interest up to Rs 10,000 a year 11) Interest earned in NRE account 12) Amount received by way of gift on marriage 13) Any amount received through WILL or Inheritance Learn more on investing at Finology .

Visited Sikkim and Darjeeling on 13-Jun-2015 to 20-Jun-2015 with my wife. Here is trip information which you might find helpful to plan your North East trip  Day 1 -  1) Mumbai to Bagdogra flight ( Rs 8000 per person) 2) Bagdogra to Kalimpong (Prepaid cab Rs 1400, 3 hours) 3) Kalimpong siteseeing (takes 2 - 3 hours)     1. Cactus Nurseries     2. Durbin Dara Monastery     3. Mangal Dham     4. Deolo Hill 4) Kalimpong to Gangtok (2.5 hours)     Full day taxi 4200     Overnight stay at Gangtok Day 2 - 1) Gangtok 10 point siteseeing (local taxi Rs 1600. 5 hours)     1. Bakhtang waterfall     2. Gunjung Monetrary     3. Tashi view point     4. Lasa waterfall     5. Plant Consertaion     6. Ganesh Tok     7. Flower show (must visit)     8. Ropeway     9. Institute of Tibetology (Closed on Sunday)     10. Dro Dul Chorten (stupa)     11. Institute of Handicrafts and Handloom (Closed on Sunday) Day 3 - 1) Gangtok siteseeing (local taxi Rs 1800, 7 ho

Lonavala - East side (towards Pune) 1) Karla Caves + Ekvira Devi Temple (must visit) 2) Bhaja Caves 3) Shri Durga Parmeshwari Temple 4) Jain Temple 5) MTDC Boating 6) Celebrity Wax Museum 7) Manashakti Kendra Lonavala - South side (from Kumar Resort) 8) Ryewood Park (not worth visiting) 9) Lonavala Lake 10) Bushy Dam (must visit) 11) Tiger's Leap + Lion Point 12) Ambey Valley 13) Pavana Lake Lonavala - North side (from Kailash Prabhat Hotel) 14) Valvan Lake 15) Sri Narayani Dham Temple Lonavala - West side (towards Mumbai) 16) Shooting Point (Khandala) 17) Rajmachi Point (Khandala)

Visited Adlabs Imagica on Tuesday, 13-Jan-2015 with family. It is must visit place and good for 1 day outing, around 70 KM from Mumbai. Special ticket rates for happy Tuesdays - Rs. 999 Must visit rides (personal preference) 1) Alibaba aur Chalis Chorr 2) Mr. India 3) i for India 4) Nitro 5) Gold Rush Express 6) Rajasaurus River Adventure 7) Price of Dark Waters 8) Bump it Boats 9) Scream Machine (risky) 10) D2 - Dare Drop Nice to have Rides  1) Wrath of the Gods 2) Salimgarh 3) Mamo Chai Chama - Crazy Tea Cups 4) The Detective Bow Wow Show Rides you can skip 1) Motion Box Theatre (same as Mr. India) 2) Splash Ahoy (same as Bump it Boats) 3) Save the Pirate (same as D2 Dare Drop) 4) Deep Space (same as Nitro) 5) Tubbby Takes Off (Kids + Adult ride) Only for Kids 1) Loch Ness Expplorers 2) Happy Wheeels 3) Humpty's fall 4) Wagon-o-o-Wheel 5) The magic Carousel 6) Zooballoo