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

Eligible Assessee

Any person

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income is received on behalf of fund established for notified purpose by Board for welfare of employees or their dependents.
The fund applies or accumulates its income exclusively for the purpose for which it is established.
The fund shall invest its income, contribution or other sum as specified u/s 11(5) of the Act.
The fund is approved as per rule 16C by commissioner who may approve such fund for any period not exceeding three years.

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)

About Us | Contact Us | Terms and Conditions | Disclaimer | Privacy Policy | Sitemap