Table 2. Gross and net income from pastured poultry #chickens sold 4,000-10,000 Over 10,000 Gross income from pastured poultry $39,000 $155,863* Gross income per bird sold $7.30 $8.61 Net income per bird (not including family labor, capital, and land) $2.24** $2.19 2 more rows • Jan 1, 2003
Category: Is poultry income taxable?
Is farming income tax free?
As per section 10(1), agricultural income earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the Income-tax Act.