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

Section 10 and its subsections of Income Tax Act contains provisions related to income exempted from Income Tax, Eligible Assessee, Nature of income, Amount exempt and Conditions laid down for tax exemption. The provisions and exemption details are:

Income Exempt from Tax under Section 10(1) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Agricultural income

Amount Exempt

Entire amount of such income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(2) of Income Tax Act 1961

Eligible Assessee

Any individual as a member of HUF

Nature of Income

Any sum received as a member of HUF

Amount Exempt

Entire amount so received

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(2A) of Income Tax Act 1961

Eligible Assessee

Partner of the firm
Share of profit in total income of the firm

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(4)(i) of Income Tax Act, 1961

Eligible Assessee

Non resident assessee

Nature of Income

Interest or premium on securities or bonds specified by central govt. before 1st June, 2002

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(4)(ii) of Income Tax Act, 1961

Eligible Assessee

An individual being non-resident as defined under section 2(q) of FERA, 1973

Nature of Income

Interest earned on money standing in credit of his NRE account

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(4B) of Income Tax Act, 1961

Eligible Assessee

A non-resident individual who is either citizen of India or person of Indian
Origin

Nature of Income

Interest on specified savings certificates

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(5) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Leave travel concession or assistance received from employer or former employer

Amount Exempt

Amount received or actually spent on travel to any place in India as specified in Rule 2B which-ever is lower

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(6)(ii) of Income Tax Act, 1961

Eligible Assessee

An Individual not being citizen of India

Nature of Income

Remuneration received as an official or as member of staff of the officials of an embassy, high commission, consulate or trade representative of foreign state

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption under section 10(6)(ii)

Income Exempt from Tax under Section 10(6)(vi) of Income Tax Act, 1961

Eligible Assessee

An individual not being a citizen of India

Nature of Income

Remuneration received as an employee of foreign enterprises, for services rendered during his stay in India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption under section 10(6)(vi)

Income Exempt from Tax under Section 10(6)(viii) of Income Tax Act, 1961

Eligible Assessee

An individual being non-resident and not a citizen of India

Nature of Income

salaries for services rendered on a foreign ship

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption u/s 10(6)(viii)

Income Exempt from Tax under Section 10(6)(xi) of Income Tax Act, 1961

Eligible Assessee

An individual not being a citizen of India

Nature of Income

Remuneration received as an employee of foreign state during his stay in India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption u/s 10(6)(xi)

Income Exempt from Tax under Section 10(6A) of Income Tax Act, 1961

Eligible Assessee

Any foreign company

Nature of Income

Tax paid on income earned by way of Royalty or fees for technical services

Amount Exempt

Entire amount of such tax

Conditions laid down for Tax Exemption u/s 10(6A)

Income Exempt from Tax under Section 10(6B) of Income Tax Act, 1961

Eligible Assessee

Non-resident (not a company) or a foreign company

Nature of Income

Tax paid on income other than salary, Royalty or fees for technical services by government or Indian concern

Amount Exempt

Entire amount of such tax paid by govt. or Indian concern

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

Income Exempt from Tax under Section 10(6BB) of Income Tax Act, 1961

Eligible Assessee

Government of foreign state or foreign enterprise

Nature of Income

Tax paid on income derived from leasing of aircraft or aircraft engine as per agreement approved by central govt.

Amount Exempt

Entire tax paid by the Govt. or Indian company

Conditions laid down for Tax Exemption u/s 10(6BB)

Income Exempt from Tax under Section 10(6C) of Income Tax Act, 1961

Eligible Assessee

Foreign company as notified by central government

Nature of Income

Royalty or fees for technical services for projects connected with security of India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption u/s 10(6C)

Income Exempt from Tax under Section 10(7) of Income Tax Act, 1961

Eligible Assessee

A citizen of India

Nature of Income

Amount paid or allowed by the Government outside India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption u/s 10(7)

Income Exempt from Tax under Section 10(8) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Remuneration for duties assigned in India and any other income accrues or arises outside India

Amount Exempt

Entire amount

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

Income Exempt from Tax under Section 10(8A) of Income Tax Act, 1961

Eligible Assessee

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

Nature of Income

Any remuneration or fees received under a technical grant assistance agreement, from, funds made available to international agency
Any other income which does not accrue or arise in India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption u/s (108A)

Income Exempt from Tax 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)

Income Exempt from Tax under Section 10 (9) of Income Tax Act, 1961

Eligible Assessee

An Individual who is a member of the family of person referred to in sections 10(8), 10(8A) & 10(8B).

Nature of Income

Any income accrues or arises outside India

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10 (10) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Death cum Retirement Gratuity
As per conditions

Conditions laid down for Tax Exemption
For conditions refer Salary section.

Income Exempt from Tax under Section 10 (10A) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Commuted Pension

Amount Exempt

As per conditions

Conditions laid down for Tax Exemption
For conditions refer Salary section

Income Exempt from Tax under Section 10 (10AA) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Leave Encashment

Amount Exempt

As per conditions

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10 (10B) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Compensation/award received at the time of his retrenchment

Amount Exempt

An amount as per section 25F(b) of the Industrial Dispute Act, 1947 or Rs 5,00,000 whichever is lower. In special case any amount received as per any scheme approved by the Government

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10 (10BB) of Income Tax Act, 1961

Eligible Assessee

Any person

Nature of Income

Any payment received under Bhopal Gas Leak Disaster (Processing of Claims Act), 1985

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(10(BC) of Income Tax Act, 1961

Eligible Assessee

Any Individual or his legal heirs

Nature of Income

Any compensation received from State or Central Government on account of any disaster

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10 (10C) of Income Tax Act, 1961

Eligible Assessee

Individual employee

Nature of Income

Amount received on voluntary retirement

Amount Exempt

Amount received as per scheme not exceeding Rs. 5,00,000/-

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(10CC) of Income Tax Act, 1961

Eligible Assessee

Individual employee

Nature of Income

Tax on income derived as perquisite

Amount Exempt

Entire amount of such tax

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(10D) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Amount received under life insurance policy including any bonus allotted on such policy

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(11) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Amount received from provident funds

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(12) of Income Tax Act, 1961

Eligible Assessee

An Individual employee participating in recognized provident fund

Nature of Income

Accumulated balance due and payable under recognized provident fund

Amount Exempt

Amount as provided in Rule 8 of part A of fourth Schedule

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10((13) of Income Tax Act, 1961

Eligible Assessee

An Individual

Nature of Income

Any payment received from Superannuation Fund

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(13A) of Income Tax Act, 1961

Eligible Assessee

An Individual employee

Nature of Income

House Rent allowance

Amount Exempt

As per rule 2A

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(14) of Income Tax Act, 1961

Eligible Assessee

An individual

Nature of Income

Special allowance granted to meet expenses incurred in performance of duties

Amount Exempt

As per Rule 2BB

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15)(i) of Income Tax Act, 1961

Eligible Assessee

All assessees

Nature of Income

Interest, premium on redemption, securities, bonds, certificates, as notified by govt.

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10 (15)(iib) of Income Tax Act, 1961

Eligible Assessee

Individual or HUF

Nature of Income

Interest on Notified capital bond

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15)(iic) of Income Tax Act, 1961

Eligible Assessee

Individual or HUF

Nature of Income

Interest on notified relief Bonds

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15)(iid) of Income Tax Act, 1961

Eligible Assessee

Individual non-resident Indian

Nature of Income

Interest on notified Bonds

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15)(vi) of Income Tax Act, 1961

Eligible Assessee

All assessees

Nature of Income

Interest on notified gold deposit bond

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15)(vii) of Income Tax Act, 1961

Eligible Assessee

All assessees

Nature of Income

Interest on Bonds

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15)(viii) of Income Tax Act, 1961

Eligible Assessee

Person who is non-resident or not ordinary resident

Nature of Income

Interest on offshore Banking units

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(15A) of Income Tax Act, 1961

Eligible Assessee

Government of a foreign state or foreign enterprise

Nature of Income

Income derived from leasing of aircraft or aircraft engine

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(16) of Income Tax Act, 1961

Eligible Assessee

An individual

Nature of Income

Scholarship

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(17) of Income Tax Act, 1961

Eligible Assessee

A member of Parliament or State Legislature or any committee formed thereof

Nature of Income

Daily allowances or constituency allowance

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(17A) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Award or Reward received in cash or in kind

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(18) of Income Tax Act, 1961

Eligible Assessee

Any eligible Central or State Government employee

Nature of Income

Pension or family pension received by the family member as the case may be

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(19) of Income Tax Act, 1961

Eligible Assessee

Widow, children or nominated heir of member of army

Nature of Income

Family pension received

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(19A) of Income Tax Act, 1961

Eligible Assessee

Any Ruler (individual)

Nature of Income

Annual value of any palace/s in occupation of such ruler

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(20) of Income Tax Act, 1961

Eligible Assessee

Income of panchayat, municipality, municipal committee, district Board or cantonment board

Nature of Income

Income from house property, capital gains, from trade or business and income from other sources

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(21) of Income Tax Act, 1961

Eligible Assessee

Any Research Association

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(22B) of Income Tax Act, 1961

Eligible Assessee

Any notified news agency

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax 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

Income Exempt from Tax under Section 10(23AA) 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 Exempt from Tax 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 Exempt from Tax under Section 10(23AAB) of Income Tax Act, 1961

Eligible Assessee

Any fund set up by LIC or other insurer

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23B) of Income Tax Act, 1961

Eligible Assessee

An institution constituted as Society or public charitable trust

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23BB) of Income Tax Act, 1961

Eligible Assessee

Authority established under state or provincial Act for development of Khadi and village industries

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23BBA) of Income Tax Act, 1961

Eligible Assessee

Authority or body established or appointed under Central, State or Provincial Acts

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23BBB) of Income Tax Act, 1961

Eligible Assessee

European Economic community

Nature of Income

Interest, dividend, capital gains

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23BBC) of Income Tax Act, 1961

Eligible Assessee

SAARC Fund for regional projects

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23BBE) of Income Tax Act, 1961

Eligible Assessee

Insurance regulatory and Development Authority

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23BBG) of Income Tax Act, 1961

Eligible Assessee

Central Electricity Regulatory Commission

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23C) of Income Tax Act, 1961

Eligible Assessee

Nature of Income

Income of following entities

P.M's National Relief Fund.
P.M's fund for promotion of folk art
P.M's Aid to student fund
National foundation for communal harmony
Hospital or other institution wholly financed by Central govt. for treatment of specified illness and established for philanthropic purpose only.
University or educational institution set up for education purpose and not for profit and whose gross receipt does not exceed Rs.1 crore.
Hospital or other institution set up for philanthropic purpose for treatment of specified illness and whose gross receipts does not exceed Rs.1 crore.
Other charitable trusts, universities, hospitals, charitable organization approved by specified authority
Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23D) of Income Tax Act, 1961

Eligible Assessee

Specified Mutual funds

Nature of Income

Any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23EA) of Income Tax Act, 1961

Eligible Assessee

Investor protection fund set up by recognized stock exchange

Nature of Income

Any income by way of contribution received from recognized stock exchange or its member

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23EC) of Income Tax Act, 1961

Eligible Assessee

Investor protection fund set up by commodity exchange

Nature of Income

Any income by way of contribution received from commodity exchange or its member

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(23FB) of Income Tax Act, 1961

Eligible Assessee

Venture capital fund or venture capital company

Nature of Income

Any income from investment in venture capital undertaking

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(24) of Income Tax Act, 1961

Eligible Assessee

Registered union or Association of such unions

Nature of Income

Income from house property or income from other sources

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(25) of Income Tax Act, 1961

Eligible Assessee

Provident fund, Superannuation fund, Gratuity fund, Coal Mines P.F., employees PF

Nature of Income

Interest on securities and capital gains on sale such securities held by provident fund to which Provident fund Act, 1925 applies.

In any other case any income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26) of Income Tax Act, 1961

Eligible Assessee

Employees state insurance fund

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26A) of Income Tax Act, 1961

Eligible Assessee

Member of schedule Tribes residing in specified areas

Nature of Income

Any income from source in that area Interest and dividend on securities

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26AAA) of Income Tax Act, 1961

Eligible Assessee

An Sikkimese individual

Nature of Income

Any income accrues from source in Sikkim Interest or dividend on securities

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26AAB) of Income Tax Act, 1961

Eligible Assessee

Agricultural Produce Market Committee or Board

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26B) of Income Tax Act, 1961

Eligible Assessee

Government corporation or any association, body, institution wholly financed by government

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26BB) of Income Tax Act, 1961

Eligible Assessee

Government corporation formed by State or Central Government

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(26BBB) of Income Tax Act, 1961

Eligible Assessee

corporation formed by State or Central or Provincial Act

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(27) of Income Tax Act, 1961

Eligible Assessee

A co-operative society

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(29A) of Income Tax Act, 1961

Eligible Assessee

Various Boards or authorities established under various Acts

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(30) of Income Tax Act, 1961

Eligible Assessee

Any assessee engaged in growing and manufacturing tea in India

Nature of Income

Subsidy received from Tea Board.

Amount Exempt

Entire amount so received

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(31) of Income Tax Act, 1961

Eligible Assessee

Any assessee carrying on business of growing and manufacturing rubber, coffee, cardamom or other commodities notified by Central Govt.

Nature of Income

Subsidy received from concerned Board

Amount Exempt

Entire amount so received

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(32) of Income Tax Act, 1961

Eligible Assessee

An assessee referred to in section 64(1A)

Nature of Income

Income included u/s 64(1A)

Amount Exempt

Income included in assessee's income u/s 64(1A) to the extent it does not exceed Rs. 1500/- for each minor child.

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(33) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Income arising from transfer of units held as capital assets of Unit Scheme, 1964.

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(34) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Dividend

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(35) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Income received in respect of Units of specified mutual fund, specified undertaking, specified company, other than on transfer of such units

Amount Exempt

Entire income

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(36) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Long term capital gains on transfer of eligible equity shares

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(37) of Income Tax Act, 1961

Eligible Assessee

Individual or HUF

Nature of Income

Capital gains arising out of sale of agricultural land

Amount Exempt

Entire gain

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(38) of Income Tax Act, 1961

Eligible Assessee

Any assessee

Nature of Income

Long term capital gains on sale of equity shares or units of equity oriented fund

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(39) of Income Tax Act, 1961

Eligible Assessee

Notified persons

Nature of Income

Specified income out of international sporting events

Amount Exempt

Income to the extent notified by central government

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(40) of Income Tax Act, 1961

Eligible Assessee

Any Subsidiary company

Nature of Income

Income received from Indian holding company

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(42) of Income Tax Act, 1961

Eligible Assessee

Notified body or authority

Nature of Income

Specified income

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(43) of Income Tax Act, 1961

Eligible Assessee

An individual

Nature of Income

Amount received as loan

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(44) of Income Tax Act, 1961

Eligible Assessee

New pension system trust

Nature of Income

Any income received for and on behalf of such trust

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(45) of Income Tax Act, 1961

Eligible Assessee

Chairman or member (including retired one) of union public service commission

Nature of Income

Notified allowance or perquisites

Amount Exempt

Entire amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(46) of Income Tax Act, 1961

Eligible Assessee

Any body, authority, Board or Trust

Nature of Income

Specified income

Amount Exempt

Specified amount

Conditions laid down for Tax Exemption

Income Exempt from Tax under Section 10(47) of Income Tax Act, 1961

Eligible Assessee
Infrastructure debt fund

Nature of Income

Any income

Amount Exempt

Entire income

Conditions laid down for Tax Exemption