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    <title>Income Specific exemption</title>
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    <description>Income-specific exemptions are set out under the Income Tax Act, 2025 from 1 April 2026 and under the Income-tax Act, 1961 up to 31 March 2026. The schedules identify income not to be included in total income, including agricultural income, specified life insurance receipts subject to premium and aggregate premium conditions, scholarships, approved awards and rewards, notified interest from specified securities and deposits, partner&#039;s share in firm income, disaster compensation, parliamentary and legislative allowances, gallantry pensions, qualifying family pensions, specified capital gains, reverse mortgage loans, and income of approved funds, institutions, hospitals and the New Pension System Trust, subject to stated exceptions and limits.</description>
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    <pubDate>Fri, 07 Aug 2015 14:28:00 +0530</pubDate>
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      <title>Income Specific exemption</title>
      <link>https://www.taxtmi.com/manuals?id=866</link>
      <description>Income-specific exemptions are set out under the Income Tax Act, 2025 from 1 April 2026 and under the Income-tax Act, 1961 up to 31 March 2026. The schedules identify income not to be included in total income, including agricultural income, specified life insurance receipts subject to premium and aggregate premium conditions, scholarships, approved awards and rewards, notified interest from specified securities and deposits, partner&#039;s share in firm income, disaster compensation, parliamentary and legislative allowances, gallantry pensions, qualifying family pensions, specified capital gains, reverse mortgage loans, and income of approved funds, institutions, hospitals and the New Pension System Trust, subject to stated exceptions and limits.</description>
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