By Jasreet Kaur29, Jan 2025 11:00 AMjagranjosh.com
Do you know?
Sikkimese residents don’t pay income tax or tax on farm income. Local businesses enjoy tax exemptions and some goods are GST-free. Tap to read in detail.
No Income Tax
Sikkimese residents do not have to pay income tax under a special law. This rule is part of the Income Tax Act, Section 10(26AAA).
Only Sikkimese Residents
People who are not original Sikkimese must pay regular income tax. They do not get the same tax exemptions as Sikkimese citizens.
No Agricultural Income Tax
Farmers in Sikkim do not have to pay tax on their farming income. This makes agriculture a tax-free profession in the state.
Fewer Taxes
Local businesses enjoy some tax exemptions to help them grow. The government provides these benefits to boost the local economy.
No GST
Some traditional and local products are not taxed under GST. This helps preserve and promote local industries.
Special Industrial Tax Benefits
Companies in Sikkim get tax benefits under government schemes. The Northeast Industrial Development Scheme (NEIDS) supports industries with tax rebates.