Incomes exempt from tax

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 company15. Foreign allowance16. Income of a foreign govt. employee under cooperative technical

assistance programmes17. Remuneration or fees received by non resident consultants and their

foreign employees18. Income of a family members of an employee serving under a cooperative

technical assistance programme19. Gratuity 20. Pension and leave salary21. 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 retirement25. Tax on perquisite paid by employer26. 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