Sec-10 exemptions

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what are main sec-10 exemptions on calculating total income
Replies (8)
It is a big list. you have to refer to the section. it is there on this app
The main we used to look after
Agriculture income, dividend income {upto march 20 } ,SEZ , ppf interest etc
There are many main Sub-Sections under Section 10 of the INCOME TAX Act 1961, regarding Exemptions. It will be convenient for us if you specify the type of Exemption you want.

Some Examples are :

Section 10(1) : Agricultural Income EXEMPTED.
Section 10(2) : HUF Profits EXEMPTED.
Section 10(2A) : Partner's share in the firms Income EXEMPTED.
10(5) : Value of LTC.
10(11) : Amt received from PPF ( both Principal as well as Interest portion ).
10(11A) : Amount withdrawn/Interest accrued from Sukanya Samriddhi A/c EXEMPTED.
10(15) : Interest on Post Office Savings Bank shall be EXEMPTED to the extent of Rs. 3,500 in case of Individual Account and Rs. 7,000 in case of Joint A/c.
10(16) : Scholarships granted to meet the cost of education is EXEMPTED.
10(35) : Interest/Dividend from Approved Mutual Fund/UTI is Fully EXEMPTED.

( NOTE : The above list is just an example for your information. There are many Exemptions. )
Very Well Explain Mr Shivam RC...
I appreciate Your effort...

Keep it up...

GOOD LUCK...
Sec 10 (13A ) left out..
many other sections left out..
@ Sabyasachi Mukherjee Sir,

Why only Section 10 (13A ) ??? Many sub-sections have been left out. And I have clearly mentioned 2 times in my reply that these are just examples for your information. Since the querist did not mentioned for any specified Exemption, i gave him few common examples of Section 10 Exemption.

Read the reply Sir before posting any comments.

Regards.
Ok that's better


CCI Pro

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