IN3.5.1ÌýÌýÌýÌý Income tax implications for minors
In India, a minor is any person who is under the age of 18 years.
Income earned by the minor is taxed as per section 64(1A) of the Income tax Act as follows:
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•ÌýÌýÌýÌý all income earned by the minor such as interest income from savings bank account, fixed deposits and other investments will be included with
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