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Exempted incomes us 10 of it act1961
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Exempted incomes us 10 of it act1961

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B.Satyanarayana rao.Asso.Prof in Commerce,St. Jooseph's Degree and P.G College King Koti Hyderabad

B.Satyanarayana rao.Asso.Prof in Commerce,St. Jooseph's Degree and P.G College King Koti Hyderabad

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  • VILLAGE PANCHAYAT

Transcript

  • 1. EXEMPTED INCOMES U/S 10 B.SATYANARAYANA RAO ASSO.PROF IN COMMERCE ST.JOSEPH’S DEGREE & PG COLLEGE KING KOTI, HYDERABAD
  • 2. Agricultural income-Fully exempted U/S 10(1). .
  • 3. Share of income from HUF-FuIly exempted u/s 10(2).
  • 4. Share of income from firm assessed as firm- Fully exempted u/s 10(2A). •
  • 5. Travel Concession to an Indian citizen employee-Exempted up to limits laid down u/s 10(5).
  • 6. Gratuity-exempted u/s 10(10) as per limits.
  • 7. Commuted value of pension-Fully exempted u/s 10(I0A) as per conditions given.
  • 8. . Educational Scholarships-Fully exempted u/s 10(16).
  • 9. Allowances received by MP/MLA/MLC fully Exempted u/s 10(17).
  • 10. Any award instituted or notified by State or Central Govt.-Fully exempted u/s 10(17 A). • A).
  • 11. Any pension received by winners of Paramvir Chakra, Mahavir Chakra, or Vir Chakra, and
  • 12. family pension received by widows or children or nominated heirs of a deceased member of the armed forces (including para military
  • 13. Income from one palace self occupied by former rulers shall be fully exempted u/s 10(19A).
  • 14. Income of a local authority- exempted as per conditions given u/s 10(20
  • 15. Income of State level Khadi and Village Industries Boards- exempted as per conditions given u/s IO(23BB), • .
  • 16. Income of certain authorities set up to manage religious and charitable institutions exempted as per conditions given u/s 10(23BBA)
  • 17. Any income of the Insurance Regulatory Authority of India shall be fully exempted u/s IO(23BBE).
  • 18. Income from International Sporting Event.
  • 19. Income of Registered Trade Unions-Exempted as per conditions given
  • 20. Income of Provident Funds or Superannuation Funds-exempted as per conditions given u/s 10(25).
  • 21. Income of a corporation set up for promoting the interests of Scheduled castes, tribes and backward classes- exempted as per conditions
  • 22. Income from units of UTI and other Mutual Funds [Section 10(35)
  • 23. Long Term Capital Gain on transfer of securities covered under Share Transaction Tax
  • 24. Income by way of Dividend from Indian Company [Section 10(34)
  • 25. THANK YOU