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    Income Tax Exempted-1552543431294

    Uploaded by

    Aman Agarwal
    This document lists various types of incomes that are exempt from tax under section 10 of the Indian Income Tax Act. There are over 75 different categories of exempt incomes listed ranging from agriculture income, casual receipts, interest received by non-residents, pension and gratuity, capital gains and more.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Income Tax Exempted-1552543431294

    Uploaded by

    Aman Agarwal
    8 views8 pages
    This document lists various types of incomes that are exempt from tax under section 10 of the Indian Income Tax Act. There are over 75 different categories of exempt incomes listed ranging from agriculture income, casual receipts, interest received by non-residents, pension and gratuity, capital gains and more.

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    INCOME TAX EXEMPTED-1552543431294

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    This document lists various types of incomes that are exempt from tax under section 10 of the Indian Income Tax Act. There are over 75 different categories of exempt incomes listed ranging from agriculture income, casual receipts, interest received by non-residents, pension and gratuity, capital gains and more.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views8 pages

    Income Tax Exempted-1552543431294

    Uploaded by

    Aman Agarwal
    This document lists various types of incomes that are exempt from tax under section 10 of the Indian Income Tax Act. There are over 75 different categories of exempt incomes listed ranging from agriculture income, casual receipts, interest received by non-residents, pension and gratuity, capital gains and more.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    Incomes exempt from tax

    PROVIDED BY – DIWAKAR EDUCATION HUB

    Incomes exempt under section 10


    1. Agriculture income [sec 10.1]
    2. Receipts by a member from a HUF [Sec10.2]..example
    3. Share of profit from a partnership firm [sec 10.2a]
    4. Casual and non recurring receipts [sec 10.3]
    5. Interest to non-residents[sec 10 4, 4b]
    6. Leave travel concession to an Indian citizen[sec 10.5]
    7. Value of concessional passage to foreign national employee
    8. Remuneration received by a foreign diplomat and other foreign
    nationals
    9. Remuneration of a technician in India
    10. Salary received by a ship’s crew
    11. Remuneration of a foreign trainee
    12. Exemption from tax paid on behalf foreign companies in respect of
    certain income
    13. Tax paid on behalf of non residents/foreign companies in respect
    of other income
    14. Technical fees received by a notified company
    15. Foreign allowance
    16. Income of a foreign govt. employee under cooperative technical
    assistance programmes
    17. Remuneration or fees received by non resident consultants and their
    foreign employees
    18. Income of a family members of an employee serving under a cooperative
    technical assistance programme
    19. Gratuity
    20. Pension and leave salary
    21. Retrenchment compensation
    22. Compensation received by victims Bhopal gas leak disaster
    23. Compensation on account of any disaster
    24. Payment from an approved public sector company and other entities at
    the same time of voluntary retirement
    25. Tax on perquisite paid by employer
    26. Amount paid on life insurance policies
    27. Payment from provident funds
    28. House rent allowance
    29. Payment from an approved superannuation fund
    30. Special allowances
    31. Income received as exchange risk premium
    32. Interest on securities
    33. Lease rent of aircraft
    34. Educational scholarship
    35. Daily allowance of Members of parliament
    36. Awards
    37. Pension to gallantry award winners
    38. Exemption of family pension received by the family members of armed
    forces
    39. Former rulers of Indian States
    40. Income of local authority
    41. Income of housing authority
    42. Income of Scientific research association
    43. Income of educational institutions
    44. Income of hospitals
    45. Income of specifies news agencies
    46. Income of games associations
    47. Income of professional institution
    48. Income received on behalf of Regimental Fun
    49. Income of fund established for welfare of employees
    50. Income of pension fund
    51. Income from khadi or village industries
    52. Income from khadi or village industries Boards
    53. Income of statutory bodies for the administration of public charitable trust
    54. Income of European Economic Community
    55. Income of SAARC
    56. Income of Insurance Regulatory Authority
    57. Income of certain National funds, educational institutions and hospitals
    58. Income of a mutual fund
    59. Income of investor protector fund
    60. Income of Venture Capital fund or venture capital company
    61. Income of an infrastructure capital fund
    62. Income of trade union
    63. Income of provident funds
    64. Income of Employees State Insurance fund
    65. Income of a member schedule Tribe
    66. Income of resident of Ladakh
    67. Income of a “sikkimese” individual
    68. Income of an agricultural produce marketing company
    69. Income of National Minorities Development and Finance Corporation
    70. Income of Ex-servicemen
    71. Income of Minor
    72. Subsidy received by planters
    73. Capital gain on transfer of US 64
    74. Long term capital on transfer of listed equity shares
    75. Income of notified non profit body
    Special provisions in respect of newly established undertakings
    in free trade zone
     Special provisions in respect of newly established
    undertakings in Special Economic Zone
     Special provisions in respect of newly established hundred per
    cent export oriented undertakings
     Special provisions in respect of artistic hand made wooden
    articles
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