Income Tax Exemption under Section 10(8B) of Income Tax Act, 1961

Eligible Assessee

An individual who is either not a citizen of India or is not ordinarily resident in India.

Nature of Income

The remuneration received for services rendered in India from consultant referred to in sec 10(8A) Any other income which does not accrue or arise in India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption u/s 10(8B)

The individual should be an employee of consultant referred to in clause 8A above.
His contract of service is approved by the prescribed authority.
The remuneration is received in connection with technical assistance programme referred to in clause 8A.
Any other income which accrues or arises outside India is subjected to any income or social security tax in other state.

The prescribed authority for clauses 8A & 8B are
The Additional Secretary, Department of Economic Affairs in Ministry of Finance, Government of India, in concurrence with members CBDT

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Important Due Dates

Audit requirement for business and profession under section 44 AB of Income Tax Act 1961

Income Tax Exemption under Section 10 of Income Tax Act, 1961

Deductions allowed from Gross Total Income under Chapter VI A of Income Tax Act, 1961

Tax saving schemes and deductions available against investment

How to calculate Value of Perquisites for accommodation provided by the employer to employee: Income Tax Rule 3 (1)

How to calculate Value of Perquisites by way of use of motor vehicle by an employee provided by the employer to employee: Income Tax Rule 3(2)(A)

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