Tax free salary from World Bank

I work in a bank. Today we have received a loan proposal where the applicant is working as IT Analyst in World Bank Group located in Chennai and getting salary more than Rs.10 lacs per annum. HR of World Bank group has given a certificate stating under section 19 on the Convention on the Privileges  and Immunities of the Specialized Agencies of United Nations acceded by Government of India the income earned by this employee is tax free. Is it possible to have salary income that is tax free? It is not taxed in United States where the employer World Bank is located nor taxed in India where the employer is having an office. Please clarify under what section of income tax act this comes.

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Quick Summary
This discussion explores the tax-free status of salaries earned by employees of the World Bank Group in India. An applicant, working as an IT Analyst for the World Bank in Chennai and earning over Rs. 10 lacs annually, presented a certificate citing Section 19 of the Convention on Privileges and Immunities of the Specialized Agencies of the United Nations, acceded by the Government of India, to claim their income is tax-free. The consensus suggests that under Section 10(42) of the Indian Income Tax Act, and based on treaty agreements between the Central Government and the World Bank, salary income received by World Bank employees in India is indeed exempt from tax.

Have you received any solution to that. I m having same quarry for one of the consultants of World bank they have quoted same article to him. 

Under section 10(42) based on the convention treaty agreement by central Govt with world bank, the salary received from world bank in India is exempt from tax in the hands of employee. 

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