Income Tax Exemption under Section 10(23A) of Income Tax Act, 1961

Eligible Assessee

An association or institution set up in India for specified professions

Nature of Income

Any income other

Income from house property
Interest or dividend from investment
Income from rendering specified services

Amount Exempt

Entire income

Conditions laid down for Tax Exemption u/s 10(23A)

The association should be approved by the central than government
The notified institution should apply or accumulated income for the purpose for which it is established
The government may after giving opportunity to such institution, withdraw the approval if it finds that such institution does not adhere to the specified conditions.

How to earn Tax free income? Incomes exempted from tax under Income Tax Act, 1961

Free download of Income Tax Return Filing Official Software

Time Limit for Filing Appeal with Commissioner of Income Tax (CIT) Appeals and Income Tax Appellate Tribunal (ITAT) - Fee for filing Income Tax Appeals

Advance Payment of Income Tax

Tax Deducted at Source (TDS) Rates from Financial Year 2013-14 (Assessment Year 2014-15)

Tax Deducted at Source (TDS) Rates

Income Tax Rates Financial Year 2012-13

Income Tax Rates Financial Year 2013-14

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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