Following incomes are not chargeable to tax from the assessment year 2004-05: Any income by way of dividends covered by section 115-O.e., any dividends from a domestic company other than dividends covered under section 2( 22 e However, as per section 115bbda (as.
Employee not covered by the payment of Gratuity Act 1972 Least of the following three is exempt from tax.10(1) Agriculture income is exempted from tax if it comes from within the definition of agricultural income 7/31/2013.Income by way of dividend from Indian company Section 10(34).15 days salary (7days salary in case of seasonal establishment ) based on salary last drawn for each year of service.Actual amount paid, see Section for more details 10(12 accumulated balance in a recognized provident fund.10 (14 Transport Allowance, Conveyance Allowance, Daily Allowance, Uniform Allowance, Helper Allowance, Research Allowance, Children Education Allowance, Childrens Hostel Expenditure Allowance.10(2) Sum received by an individual, as a member of HUF, either out of the family or igi 2 cheats full out of income of estate belonging to the family, is exempted from tax.Exemption U/S 10 (16) Scholarships to meet cost of education An individual Scholarships should be received to meet the cost of education.Compensation for voluntary retirement (V.R.S.Section, income, maximum Exempt Amount, conditions 10(10).Actual amount paid, nA 10(11 payments received from a provident fund.What is 'Exempt Income exempt income refers to certain types or amounts of income not subject to federal income tax.HRA actually paid. .Download ppt "exemption U/S 10 (1) Agricultural income Any assessee Entire amount Rent or Revenue.".Research Allowance Exemption Amount of the allowance or The amount utilised for the specific purpose whichever is lower 7/31/.The amount utilised for the specific purpose whichever is lower 7/31/.Amount of the allowance.Uniform Allowance Exemption Amount of the allowance or The amount utilised for the specific purpose whichever is lower 7/31/.5,00,000, as per Rule 2BA of the Income Tax Rules.
1,500/- 11, exemption U/S 10 (33) Dividend from Indian Companies, Income from units of Unit Trust of India and Mutual Funds, and income from Venture Capital Company/fund.
Sanjay Sawant Dessai Exempted Incomes Dayasagar S Exempt incomes - Income which do not form part of total income CA Bala Yadav Income exempt under section 10 for assessment year 2016.