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of <h1>Key Income Types Exempt Under Direct Taxes Code 2010: Agriculture, HUFs, Military Pensions, and More</h1> The Direct Taxes Code, 2010, Sixth specific types of income exempt from total income calculations. These include agricultural income, certain sums received by members of Hindu undivided families, and income from unincorporated bodies. Exemptions also cover family pensions for military personnel, specific foreign company royalties, and income from European Economic Community investments. Additional exemptions include interest on certain securities, income for Scheduled Tribe members in specified regions, and specific foreign enterprise employee remuneration. Other exclusions include compensation from the Bhopal Gas Leak, certain dividends, political party income, and various allowances and pensions. The schedule also exempts specific scholarships, life insurance payouts, and income from co-operative societies.
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