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of <h1>Non-profit educational and hospital institutions' annual receipts must not exceed one crore rupees under Section 10, Rule 2BC.</h1> For the purposes of sub-clauses (iiiad) and (iiiae) of clause (23C) of section 10 of the Income Tax Act, Rule 2BC specifies that the annual receipts for educational institutions and hospitals existing solely for educational or philanthropic purposes, respectively, and not for profit, must not exceed one crore rupees. This applies to receipts on or after April 1, 1998. Educational institutions must adhere to this limit under sub-clause (iiiad), while hospitals and similar institutions must comply under sub-clause (iiiae).
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