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List of Exempted Incomes (Tax-Free) Under Section-10

 

1.       Agriculture Income [Section 10(1)]

2.       Any sum received by a Co-parcener from Hindu Undivided Family (H.U.F.) [Section 10(2)]

3.       Share of Income from the Firm [Section 10(2A)]

4.       Interest paid to Non-Resident [Section 10(4)(i)]

5.       Interest to Non-Resident on Non-Resident (External) Account [Section 10(4)(ii)]

6.       Interest paid to a person of Indian Origin and who is Non-Resident [Section 10(4 B)]

7.       Travel Concession to an Indian Citizen Employee [Section 10(5)]

8.       Remuneration received by an individual who is not a citizen of India [Section 10(6)]

9.       Tax paid by Government or Indian concern on Income of a Foreign Company [Section 10(6A), (6B), (6BB) and (6C)]

10.     Perquisites and Allowances paid by Government to its Employees serving outside India [Section 10(7)]

11.     Employees of Foreign Countries working in India under Cooperative Technical Assistance Programme [Section 10(8)]

12.     Income of a Consultant [Section 10(8A)]

13.     Income of Employees of Consultant [Section 10(8B)]

14.     Income of any member of the family of individuals working in India under co-operative technical assistance programmes [Section 10(9)]

15.     Gratuity [Section 10(10)]

16.     Commuted value of pension received [Section 10(I0A)]

17.     Amount received as leave encashment on retirement [Section 10(10AA)]

18.     Retrenchment compensation paid to workmen [Section 10(10B)]

19.     Payment received under Bhopal Gas Leak Disaster (Processing of Claims) Act 1985 [Section 10 (10BB)]

19A.   Compensation received in case of any disaster [Section 10(10BC) ]

20.     Retirement Compensation from a Public Sector Company or any other Company [Section 10 (10C)]

21.     Income by way of tax on perks [Section 10(10CC)]

22.     Any sum received under a life insurance policy [Section 10(10D)]

23.     Payment from Statutory Provident Fund [Section 10(11)]

24.     Payment from Recognised Fund [Section 10(12)]

25.     Payment from Superannuation Fund [Section 10(13)]

26.     House Rent Allowance [Section 10(13A) Read with Rule 2A]

27.     Any Allowance given for meeting Business Expenditure [Section 10(14)]

28.     Interest Incomes [Section 10(15)]

29.     Lease rental income of a foreign government or foreign enterprise from leasing of aircraft/aircraft engine to an Indian company [Section 10(15A)]

30.     Scholarship [Section 10(16)]

31.     Allowance of M.P./M.L.A.Ior M.L.C. [Section 10(17)]

32.     Awards Instituted by Government [Section 10(17A)]

33.     Pension received by certain winners of gallantry awards [Section 10(18)]

34.     Family pension received by family members of armed forces including para military forces [Section 10(19)]

35.     Income from one palace of a former ruler [Section 10(19A)]

36.     Income of a local authority [Section 10(20)]

37.     Income of scientific research association [Section 10(21)]

38.     Income of a News Agency [Section 10(22B)]

39.     Income of some Professional Institutions [Section 10(23A)]

40.     Exemption of Income Received by Regimental Fund [Section 23AA]

41.     Income of a Fund set-up for the welfare of employees or their dependents [Section 10(23AAA)]

42.     Income of a pension fund set up by LIC or other insurer [Section 10(23MB)]

43.     Income of Institutions established for development of Khadi and Village Industries [Section 10(23B)]

44.     Income of State Level Khadi and Village Industries Board [Section 10(23BB)]

45.     Income of certain Authorities set up to manage Religious and Charitable Institutions [Section 10(23BBA)]

46.     Income of European Economic Community [Section 10(23BBB)]

47.     Income of a SAARC Fund for regional projects [Section 10(23BBC)]

48.     Any income of Insurance Regulatory and Development Authority [Section 10(23BBE)]

49.     Income of Prasar Bharti [Section 10(23BBH)] [Inserted by the Finance Act 2012, w.e.f. 2013-14]

50.     Any income received by a person on behalf of following Funds [Section 10(23C)]

51.     Income of Mutual Fund [Section 10(23D)]

52.     Exemption of income of a securitisation trust [Section 10(23DA)j [w.e.f. A.Y. 2014-15]

53.     Income of Investor Protection Fund [Section 10(23EA)]

54.     Income of the Credit Guarantee Trust for Small Industries [Section 10(23EB)]

55.     Exemption of income of investor protection fund of depository [Section 10(23ED)] [w.e.f. A.Y. 2014-15]

56.     Exemption for Certain Incomes of a Venture Capital Company or Venture Capital Fund from Certain Specified Business or    Industries [Section 10 (23FB)]

57.     Income of Registered Trade Unions [Section 10(24)]

58.     Income of Provident and Superannuation Funds [Section 10(25)]

59.     Income of Employee’s State Insurance Fund [Section 10 (25A)]

60.     Income of Schedule Tribe Members [Section 10(26) and 10(26A)]

61.     Income of Sikkimese individual [Section 10(26AAN] (With retrospective effect from 1-4-1990)

62.     Regulating the marketing of agricultural produce [Section 10[26AAB]

63.     Income of a corporation set-up for promoting the interests of Scheduled Castes, Scheduled Tribes or Backward Classes [Section 1 0(26B)]

64.     Income of a corporation set-up to protect the interests of Minorities [Section 10(26BB)]

65.     Any income of a corporation for ex-servicemen [Section 10(26BBB)]

66.     Income of cooperative society looking after the interests of Scheduled Castes or Scheduled Tribes or Both [Section 10(27)]

67.     Any income accruing or arising to Commodity Boards etc. [Section 10(29A)]

68.     Amount received as subsidy from or through the Tea Board [Section 10(30)]

69.     Amount received as subsidy from or through the concerned Board [Section 10(31)]

70.     Income of child clubbed uls 64 (IA) [Section 10(32)]

71.     Income from transfer of capital assets of UTI [Section 10(33)]

72.     Income by way of dividend from Indian company [Section 10(34)]

73.     Exemption of income to a shareholder on buyback of shares of unlisted company [Section 10 (34A) [w.e.f. A.Y. 2014-15]

74.     Income from units of UTI and other mutual funds [Section 10(35)]

75.     Exemption of income from securitisation trust [Section 10(35A)] [w;e.f A.Y. 2014-15]

76.     Income from sale of shares in certain cases [Section 10(36)]

77.     Capital Gain on compulsory acquisition of urban Agricultural Land [Section 10(37)]

78.     Long Term Capital Gain on transfer of shares and securities covered under Security Transaction Tax (STT) [Section 10(38)]

79.     Income from international Sporting event [Section 10(39)]

80.     Income received as grant by a subsidiary company [Section 10(40)]

81.     Income from transfer of asset of an undertaking engaged in the business of generation, transmission or distribution of power [Section 10(41)]

82.     Income of a body or authority set up by two countries [Section 10(42)]

83.     Reverse Mortgage [Sec. 10(43)]

84.     New Pension System Trust [Sec. 10(44)]

85.     Exemption of Allowance or perquisite to chairman/member of UPSC [Section 10 (45)]

86.     Exemption of ‘specified income’ of certain bodies or authorities [Section 10(46)]

87.     Exemption of Income of notified ‘Infrastructure debt fund’ [Section 10(47)]

88.     Exemption of Income of a foreign company from sale of Crude Oil in India [Section 10 (48)]

89.     Exemption of income of National Financial Holdings Company [Section 10(49)] [w.e.f. A.Y. 2014-15]
 
 
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