Jan 10, 2023 · Section 10 Income Tax Act: The complete guide on what is section 10 of income tax act, exemptions, allowances, eligibility, benefits, deductions, how to claim and other important details.

Jul 7, 2023 · Explore Section 10 of the Income Tax Act: Learn about exemptions, allowances, & how to claim them to maximize your tax savings. A complete guide for taxpayers.

Dec 18, 2024 · Section 10 of the Income Tax Act of 1961 deals with income that is exempt from tax in India. It outlines the specific categories of incomes that are either wholly or partly exempt from inclusion in a person's or an entity's total taxable income.

Feb 3, 2025 · Section 10(11) and Section 10(12) of the Income Tax Act both provide for tax exemptions on the amount received by employees from their Provident Fund accounts. However, there are some distinctions between the two sections.

The exemption under Section 10(20) is available only to local authorities as defined in Section 10 of the Income Tax Act, 1961. The exemption is available for all types of income earned by a local authority, including income from house property, capital gains, and other sources.

Section 10 of the Income Tax Act allows a list of exemptions which are available to tax-payers, both salaried as well as non-salaried individuals. You can claim an exemption under Section 10 for different types of incomes that you earn in a financial year. Section 10 contains various subsections which allow exemptions on different types of incomes.

Section 10 of the Income Tax Act 1961 outlines specific types of income that are exempt from taxation. This means that these income sources are not included in your total taxable income, reducing your overall tax liability.

Section 10 of the Income Tax Act is a provision that lists all those exemptions that a taxpayer can claim while paying income tax after getting the benefits/returns. These exemptions focus on various income sources that are not a part of your total income.