Income Tax Section 10 Exemptions

If any sum is received under the policy of key man insurance.
Income tax section 10 exemptions. Any sum received under section 80dd 3 of the income tax act. 71 views view 3 upvoters. Exemption to gratuity under section 10 10 i of the income tax act.
During the financial year 2019 20 i received total salary of rs 7 00 000 for the period from april 19 to july 19. List of exempted incomes tax free under section 10. The other important tax exemptions under section 10 are as follows.
Section 10 10d exemption on tax of lic if any money is received by the policyholder when a member of the family or the policyholder is suffering from any. Some of the income which are exempted are. If any money is received from the insurance company of a handicapped member.
Section 10 10 i exemption under gratuity. Any sum received under section 80dda 3 of the income tax act. Exemption under section 10 23fbb on income earned by a unitholder of an investment fundas per section 115ub income earned by a unitholder of an investment fund would be exempted from tax provided that the income is that portion of the income which is chargeable to tax under the head income from business or profession.
I retired on superannuation in july 2019 as assistant commissioner of customs. Agriculture income profit from firm including llp exemption of house rent allowance exemption of gratuity exemption of leave encashment etc. As per section 2 1a agricultural income generally means.
Agriculture income section 10 1 as per section 10 1 agricultural income earned by the taxpayer in india is exempt from tax. Exemption under section 10 10d of the income tax act is not available under the following circumstances 1.