Everyone who is earning or gets an Income is subjected to pay Income Tax in India. Here is a simpler classification of the income that
breaks the income for further understanding.

• Income from salaries and Pensions is also taxable under the Income-tax law in India.
• Income from Business and profession which includes the profits earned by self-employed people, businesses, or even freelancers or
  contractors is also subjected to Income tax payment in India. But besides this, the income earned from professionals like the insurance agents, Chartered Accountants, Doctors, and lawyers who are practicing are also included in this head.
• Income from Capital Gains like the surplus income from capital assets like the shares, house property, Mutual funds, etc is also taxable.
• Income from house property is also taxable when a house is rented the income from the rent is also taxable.
• Income from other sources includes the income from the Bank account interest on savings accounts, lotteries, and fixed deposits