| Section | Eligible Assessees | Type of income exempt |
| 10(1) | All assessees | Agricultural income |
| 10(2) | A member of HUF being individual | Amount received out of family income, or in case of impartible estate, amount received out of income of family estate |
| 10(2A) | Partner of a firm | Share of profit in total income of the firm |
| 10(4) |
- Non-resident
- Person resident outside India (as defined in FEMA) and person who has been permitted to maintain said account by RBI
|
- Interest on securities or bonds notified by the Central Government including premium on redemption of such bonds
- Interest received on Non-resident (External) Account
(C.G. will not specify any bonds after 1-6-2002) |
| 10(5) | Salaried employee (See Salary) | Leave travel concession or assistance |
| 10(7) | Citizens of India | Foreign allowances or perquisites paid or allowed by Government to its employees posted abroad |
| 10(8) | Individual | Foreign income and remuneration received from foreign Government for services rendered in connection with any co-operative technical assistance programmes and projects in accordance with agreement entered into by Central Government and foreign Government |
| 10(10) | Salaried employee (See Salary) | Death-cum-retirement gratuity received by employees |
| 10(10A) | Salaried employee (See Salary) | Payment in commutation of pension received from Government/Private employer/ LIC Fund u/s 10(23AAB) |
| 10(10AA) | Salaried employee (See Salary) | Amounts by way of encashment of unutilised earned leave on retirement. |
| 10(10B) | Workman (See Salary) | Retrenchment compensation upto maximum of Rs. 5,00,000 |
| 10(10BB) | Any Assessee | Payments made under Bhopal Gas Leak Disaster (Processing of Claims) Act, 1985 |
| 10(10C) | Salaried Employee (See Salary) | Payment received on voluntary retirement in accordance with approved. |
| 10(10CC) | Salaried employee | In case of perquisite not provided for by way of monetary payment, tax on such income actually paid by the employer. |
| 10(10D) | All assessee | Any sum received under a life insurance policy other than amounts received under a Keyman insurance policy |
| 10(11) | Individual/ Hindu undivided family | Payment from public provident fund/statutory provident fund |
| 10(12) | Salaried employee | Accumulated balance payable to employee participating in recognised provident fund (subject to certain conditions) |
| 10(13) | Salaried employee | Payment from approved superannuation fund in specified circumstances and subject to certain limits |
| 10(13A) | Salaried employee (See Salary) | House rent allowance (subject to certain limits) |
| 10(14) | Salaried employee (See Salary) | Prescribed allowances or benefits |
| 10(15) | Individual/HUF | Income from notified securities
(C.G. will not specify any bonds after 1-6-2002) |
| 10(16) | Individual | Scholarship granted to meet cost of education |
| 10(17A) | Any assessee | Amount received in cash or in kind as award instituted by Central/ State Government or reward instituted by C.G. approved body |
| 10(18) | Individual - Central/ State Government employee or his family member | Pension received by individuals as stated above. |
| 10(20) | Local authority | Specified incomes of a local authority |
| 10(21) | Scientific Research Association | Income of approved scientific research associations approved u/s. 35 |
| 10(22B) | News agencies | Income of notified news agency set up in India. |
| 10(23) | Sports and games associations and institutions
(upto A.Y. 2002-03) | Income of notified sports or games associations or institutions. |
| 10(23A) | Professional associations | Income of approved professional bodies other than income from house property, income received for rendering specific services and income by way of interest or dividends. |
| 10(23AAA) | Any person on behalf of employees welfare fund | Any Income |
| 10(23AAB) | Fund set up by LIC | Income of fund set up by LIC under an approved pension Scheme |
| 10(23B) | Public charitable trust/registered society | Income of institution existing solely for development of khadi or village industries |
| 10(23BB) | Khadi and Village Industries Board | Any Income |
| 10(23BBA) | Body/Authority established, constituted or appointed under Central, State or Provincial Act | Income of a body or authority established for administration of public religious or charitable trusts or endowments. |
| 10(23C) |
- University/ other educational institution
Hospitals/nursing home
- Charitable/Religious trusts and institutions
|
Certain Incomes of the said institutions subject to certain conditions. |
| 10(23D) | Mutual Fund registered under SEBI Act, 1992, and Notified Mutual Fund set up by public sector bank or financial institution or authorised by RBI | Income of Mutual Fund subject to notified conditions |
| 10(23F) | Approved venture capital fund/ venture capital company | Dividends or long-term capital gains of approved venture capital fund/venture capital company from investments made before 1-4-1999 |
| 10(23FA) | Approved venture capital funds/ venture capital companies | Any income by way of dividends
(Other than referred to in s. 115-O), or long-term capital gains of approved venture capital funds and venture capital companies from investments made before 31.3.2000 by way of equity shares in a venture capital undertaking |
| 10(23FB) | Venture capital company/fund | Income of a venture capital company or venture capital fund set up to raise funds for investment in a venture capital undertaking |
| 10(23G) | Infrastructure capital fund or infrastructure capital company | Dividends
(Other than referred to in s. 115-O), interest or LTCG from investment in shares or L.T. finance |
| 10(32) | Any individual | Income of minor child clubbed u/s 64(1A) to the extent of Rs. 1,500 per child |
| 10(33) | All Assessee
(upto A.Y. 2002-03) |
- Dividends declared/ paid by domestic companies excluding dividend u/s. 2(22)(e)
- Any income from units of UTI
- Any income from units of mutual fund specified under section 10(23D).
|
| 10A | Industrial undertaking in
- Free Trade Zone (FTZ)
- Electronic Hardware Technology Park (EHTP) or Software Technology Park (STP) w.e.f. A.Y. 1994-95 or Special Economic Zone (SEZ) w.e.f. A.Y.2001-2002.
|
- Income for any 5 consecutive years out of first 8 years from the year of commercial production.
- W.e.f A.Y. 2000-2001 income for 10 years from the year of Commercial Production.
- W.e.f. A.Y. 2001-2002, income from exports eligible for deduction for 10 year of commercial production or up to A.Y.2009-2010, whichever is earlier.
- For A.Y. 2003-04, the deduction would be 90% of the profits derived by an undertaking.
|
| 10B | Undertaking as a 100% Export-oriented Undertaking (100% EOU). | As Above in s. 10A |
| 10C | Industrial undertaking in any Integrated Infrastructure Development Center or Industrial Growth Centre in North Eastern region. | Income of ten consecutive A.Y.s from the year of production. |
| 11 | Charitable/religious trust / institution | Income from property held for charitable or religious purposes |
