Exemptions u/s 10 a) b) c) Agricultural Income Sums received by a member of the HUF Share of Profit received by a partner in a Firm

Salary Income d) e) f) Leave Travel Concession. Concessional employee. passage to a foreign national

Any allowances or perquisites paid or allowed as suh outside India by theGverent to a citizenof India for rendering srvices outside India. Remuneration of a foreign diplomat or foreign nationals. Tax paid on behalf of a foreign company in respect of certain income. Commuted Pension Leave Salary Gratuity Income of family member of an employee serving under a co-operative technical assistance programme. Retrenchment Compensation Tax on perquisite paid by employer.

g) h) i)
j)

k) l)

m) n)

o)

Amount received from Life insurance policy other than Keyman insurance policy, etc., Provident Fund Superannuation Fund Voluntary Retirement Compensation Income being Exchange Risk premium received by public financial institutions. Educational scholarship Daily allowance of Members of Parliament or State Legislature, Constituency Allowance of a Member of Parliament or Other allowance bya member of State Legislature or Committee thereof upto Rs. 2,5000 per month in the aggregate. Awards Pension to gallantry award winners. Income of local authority being income under the head Income from House Property, Capital Gains and Other Sources, further income from business for supply of water/electricity and income from business for supply of any other commodity or service within its own jurisdiction. Income of Housing Authority. Income of Scientific research Association. Income of specified news agencies as notified by the Central Government. Income of Games Association, subject to certain conditions. Aircraft Lease rent government/enterprise payable to a foreign

p) q) r) s) t) u)

v) w) x)

y) z) aa) bb) cc)

dd)

Income of a professional institution not being income from House Property, income from rendering of any specific service or income from interest/dividend on investments. Income of Fund established for the Welfare of employees. Income of Khadi & Village Industries Income of statutory bodies for the administration of public charitable trust. Income of the Secretariat of Asian Organisation of Supreme Audit Institutions. Income of Insurance Regulatory Authority Income of certain National Funds, educational institutions and hospitals or trusts notified by the Central Government Income of mutual Fund Income of Exchange Risk Administration Fund

ee) ff) gg) hh) ii)

jj)

kk) ll)

mm) Income of Investor Protection Fund nn) oo) pp) qq) Income of Credit Guarantee Fund Trust for Small Industries Income of venture Capital fund/ company Income of Infrastructure Capital Fund Income of Trade unions or association of trade unions under the head Income from House Property or Income from Other Sources. Income of Provident Fund Income of Employees Insurance Fund

rr) ss)

tt) uu) vv)

Income of a member of Scheduled Tribe subject t certain conditions. Income of resident of Ladakh. Income of body promoting interest of Scheduled Castes/Tribes

ww) Income of National Minorities Development and Finance Corporation. xx) yy) zz) Income of co-operative societies promoting the interest of members of Scheduled Castes/Tribes Subsidy received from Tea Board, Income of Authorities. certain Commodity Boards and

aaa) Subsidy received by planters bbb) Income of minor

ccc)

Dividend in respect of which CDT u/s115O is paid.

ddd) Long term Capital Gains on transfer of equity shares in respect of which security transaction tax (STT) is paid. eee) Minors income clubbed with that of the parent to the extent of Rs. 1,500/- per child
fff)

Any sum received by an individual as a loan, either in lumpsum or in instalment in a transaction of reverse mortgage.

Exemption under Section 10A Newly established undertakings in free trade zone/Electronic/Software/hardware Technology Park Exemption under Secion 10B Income of newly established hundred percent export oriented unit.