Section |
Income |
Exemption to |
10(15)(i) |
Interest, premium on redemption, or other payment on notified securities, bonds, certificates, and deposits, etc. (subject to notified conditions and limits) |
All assesses |
10(15)(iib) |
Interest on notified Capital Investment Bonds notified prior to 1-6-2002 |
Individual/HUF |
10(15)(iic) |
Interest on notified Relief Bonds |
Individual/HUF |
10(15)(iid) |
Interest on notified bonds (notified prior to 1-6-2002) purchased in foreign exchange (subject to certain conditions) |
Individual - NRI/ nominee or survivor of NRI / individual to whom bonds have been gifted by NRI |
10(15)(iii) |
Interest on securities |
Issue Department of Central Bank of Ceylon |
10(15)(iiia) |
Interest on deposits made with scheduled bank with approval of RBI |
Bank incorporated
Abroad |
|
10(15)(iiib) |
Interest payable to Nordic Investment Bank |
Nordic Investment Bank |
10(15)(iiic) |
10(15)(iiic) Interest payable to the European Investment Bank on loan granted by it in pursuance of framework agreement dated 25-11-1993 for financial corporation between Central Government and that bank |
European Investment bank |
10(15)(iv)(a) |
Interest received from Government or from local authority on moneys lent to it before 1-6-2001 or debts owed by it before 1-6-2001, from sources outside India |
All assessees who have lent money, etc., from sources outside India |
10(15)(iv)(b) |
Interest received from industrial undertaking in India on moneys lent to it under a loan agreement entered into before 1-6-2001 |
Approved foreign financial institution |
10(15)(iv)(c) |
Interest at approved rate received from Indian industrial undertaking on moneys lent or debt incurred before 1-6-2001 in a foreign country in respect of purchase outside India of raw materials, components or capital plant and machinery, subject to certain limits and conditions |
All assessees who have lent such money, or in favour of whom such debt has been incurred |
10(15)(iv)(d) |
Interest received at approved rate from specified financial institutions in India on moneys lent from sources outside India before 1-6-2001 |
All assessees who have lent such moneys |
10(15)(iv)(e) |
Interest received at approved rate from other Indian financial institutions or banks on moneys lent for specified purposes from sources outside India before 1-6-2001 under approved loan agreement |
All assessees who have lent such moneys |
10(15)(iv)(f) |
Interest received at approved rate from Indian industrial undertaking on moneys lent in foreign currency from sources outside India under loan agreement approved before 1-6-2001 |
All assessees who have lent such moneys |
10(15)(iv)(fa) |
Interest payable by scheduled bank, on deposits in foreign currency when acceptance of such deposits by bank is approved by RBI |
Non-resident or individual/HUF who is not ordinarily resident in India |
10(15)( iv)(g) |
Interest received at approved rate, from Indian public companies eligible for deduction under section 36(1)(viii) and formed with main object of providing long-term housing finance, on moneys lent in foreign currency from sources outside India under loan agreement approved before 1-6-2003 |
All assessees who have lent such moneys |
10(15)( iv)(h) |
Interest received from any public sector company in respect of notified bonds or debentures and subject to certain conditions |
All assesses |
10(15)( iv)(i) |
Interest received from Government on deposits in notified scheme out of moneys due on account of retirement |
Individual –Employee of Central Government/ State Government/Public sector company |
10(15)(v) |
Interest on securities held in Reserve Bank’s SGL A/c No. SL/DH-048 and Deposits made after 31-3-1994 for benefit of victims of Bhopal Gas Leak Disaster held in such account with RBI or with notified public sector bank |
Welfare Commissioner, Bhopal Gas Victims, Bhopal |
10(15)(vi) |
Interest on Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 or deposit certificates issued under the Gold Monetisation Scheme, 2015 |
All assesses |
10(15)(vii) |
10(15)(vii) Interest on notified bonds issued by a local authority/State Pooled Finance Entity |
All assesses |
10(15)(viii) |
Interest on deposit made on or after 1-4-2005 in an Offshore Banking Unit referred to in section 2(u) of the Special Economic Zones Act, 2005 |
Non-resident or person who is not ordinarily resident |
