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Exempted Incomes or Incomes which do not form part of Total Income [Section 10, 10AA, and 11 to 13A]

 

Sections

Exempted Incomes

10(1)

Agricultural income

10(2)

Sum received by a member from HUF

10(2A)

Share of profit of a partner from a firm

10(4)

Interest on securities or bonds held by a non-resident/interest on Non-resident  (External) Account 

10(5)

Travel concession or assistance received by an individual from his employer

10(6)

Remuneration to certain persons who are not citizens of India

10(7)

Allowances or perquisites outside India

10(10)

Death-cum-retirement gratuity received by an employee

10(10A)

Payment in commutation of pension received by the employees

10(10AA)

Leave encashment

10(10B)

Compensation on retrenchment

10(10BB)

Payments under Bhopal Gas Leak Disaster (Processing of Claims) Act, 1985

10(10BC)

Compensation received or receivable on account of any disaster

10(10C)

Amount received on voluntary retirement

10(10CC)

Tax on non-monetary perquisites paid by employer

10(10D)

Amount received under a Life Insurance Policy

10(11)

Provident Fund

10(11A)

Interest and withdrawals from Sukanya Samriddhi Account

10(12)

Payments from Recognised Provident Fund

10(12A)

Amount payable at the time of closure or opting out of National Pension Scheme to  be exempt to the extent of 40% of the total amount payable

10(13)

Any payment from an approved Superannuation Fund

10(13A)

House Rent Allowance

10(14)

Notified Special Allowance

10(15)

Interest, premium or bonus on specified investments

10(16)

Scholarships granted to meet the cost of education

10(17)

Daily and constituency allowance, etc. received by MPs and MLAs

10(17A)

Award or Reward

10(18)

Pension received by certain awardees/any member of their families

10(19)

Family pension received by the family members of armed forces personnel killed in  action

10(19A)

Annual value of one palace of the ex-ruler

10(20)

Income of a local authority

10(21)

Income of an approved scientific research association

10(22B)

Income of specified news agency

10(23C)

Income of certain funds of national importance

10(23D)

Income of notified mutual funds

10(23FD)

Distributed income received by a unit holder from the business trust

10(24)

Income of Trade Union

10(26)

Income of a member of Scheduled Tribe residing in certain specified areas

10(26AAA)

Income of a Sikkimese

10(32)

Income of minor clubbed in the hands of a parent

10(34)

Dividend to be exempt in the hands of the shareholders

10(34A)

Income arising to a shareholder on account of buy back of shares

10(35A)

Income received from securitisation trust

10(37)

Capital gains on compensation received on compulsory acquisition of agricultural  land situated within specified urban limits

10(38)

Capital gain arising from sale of shares and units

10(39)

Exemption of specified income from international sporting event held in India

10(43)

Amount received by an individual as loan under reverse mortgage

10(44)

Income received by any person or on behalf of New Pension System Trust

10(45)

Notified allowance or perquisite paid to Chairman/member or retired Chairman/  member of U.P.S.C.

10(46)

Specified income arising to a notified body/authority/board/trust/commission

10(48)

Exemption in respect of income received by certain foreign companies

10(48A)

Exemption in respect of income a foreign company on account of storage of crude oil  in a facility in India and sale of crude oil therefrom

10(50)

Exemption in respect of income chargeable to equalization levy

10AA

Special provisions in respect of newly established Units in Special Economic Zones

11

Income from property held for charitable or religious purposes

12A

Registration of trust

12AA

Procedure for registration

13

Sections 11 and 12 not to apply in certain cases

13A

Income of political parties

13B

Income of Electoral Trust

 

 

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