Summary of exemption u/s 10 to salaried employee

Exemption available u/s 10 to salaried employee is summarised below for ready recokner.

Section	Income	Maximum Exempt Amount	Conditions
10(10)	Gratuity.	Rs. 10,00,000	- Gratuity payable when employee has served minimum service of 4 years & 240 days. - Amt payable = No. of years completed X Last drawn Basics X 15 /26
10(10AA)	Leave encashment	Rs. 3,00,000	- Any amount paid while continuation of the service with the said organisation is fully taxable. - Amt payable = Leave balance at the time of leaving organisation X avg. basic salary of last 10 months / 30 days - Maximum leave allowable per year to be considered as 30 days while calculating leave balance on leaving organisation
10(10B)	Retrenchment Compensation	Rs. 3,00,000	- Subject to maximum : An amount calculated as per section 25F (b) of the Industrial Disputes Act, 1947; or actual amount. - NA when received in accordance of Govt Scheme
10(10C)	Compensation for voluntary retirement (V.R.S)	Rs. 5,00,000	As per Rule 2BA of the Income Tax Rules.
10(10CC)	Tax on non-monetary perquisites paid by the employer	Actual amount paid	NA
10(11)	Payments received from a provident fund	Actual amount paid	See Section for more details
10(12)	Accumulated balance in a recognized provident fund	Actual amount paid	See Section for more details
10(13A)	House rent allowance	Least of - 1. HRA actually paid 2. Rent paid Less 10% of Salary. 3. 50% of Salary if residing in Kolkata, Mumbai, Delhi or Chennai and 40% of Salary in other cases.	NA