Disability pension, motor accident interest and land acquisition awards exempt from income tax from April 2026. Amendments to Schedule III create statutory exemptions excluding from total income: disability pension for armed forces members invalided out due to ... Summary
Disability pension, motor accident interest and land acquisition awards exempt from income tax from April 2026.
Amendments to Schedule III create statutory exemptions excluding from total income: disability pension for armed forces members invalided out due to service related disability (not if retired), interest on compensation awarded by a Motor Accident Claims Tribunal payable to the individual or legal heir, and income from awards or agreements for compulsory land acquisition for eligible individuals and Hindu undivided families, subject to a specified statutory exclusion.
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