UPTO RS 10 LAKH DIVIDEND INCOME IS EXEMPTED FROM TAX, LOOK FOR GOOD DIVIDEND PAYING STOCKS, DIVIDEND YIELDS ON ONGC IS AT 5.5%-5.6%, ONGC SHARE IS TRADING AT AROUND Rs 126 IN NSE, GAIL SHARE IS TRADING AT AROUND Rs 116 IN NSE, GAIL HOLDS 32% STAKE IN THE MAHANAGAR GAS, COAL INDIA IS AT 52 WEEK LOW, COAL INDIA IS A CASH RICH AND DEBT FREE COMPANY