Exempt incomes: provident fund, pension and specified interest receipts excluded from taxable total subject to prescribed conditions. Section 10(11)-(17) excludes specified receipts from total income: provident and recognised provident fund payments and accumulated balances, Sukanya ... Summary
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Exempt incomes: provident fund, pension and specified interest receipts excluded from taxable total subject to prescribed conditions.
Section 10(11)-(17) excludes specified receipts from total income: provident and recognised provident fund payments and accumulated balances, Sukanya Samriddhi payments, specified National Pension System and Unified Pension Scheme lump-sum and partial receipts, Agniveer Corpus Fund payments, approved superannuation fund payments and transfers to notified pension schemes, prescribed rent and employment-related allowances, a range of interest and bond-related receipts subject to notifications and conditions, scholarships for education, and specified legislative allowances, each subject to provisos, prescribed limits and explanatory definitions.
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