Exempt income for charitable trust

X is a charitable trust and registered u/s12A ITAct and it's computation is below-

Income from other sources

Total income receipt from 11,00,000
superannuation fund
Total receipt from welfare 79,00,000
fund ___________
90,00,000
Less:-
Amount applied for charitable 38,00,000
purposes
Donation for accumulated fund 40,00,000
__________

Total income 12,00,000

The question is that whether the total income will exempt or not. If exempt then under which section.
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