Section

Nature  of income

10(10BC)

Amount from Central/State Govt/local authority by  way of compensation on account of any disaster.

10(10D)

Sum received under LIC policy including bonus  Exceptions a) policy u/s 80DD b) Keyman Insurance Policy, c) policy where premium > 20%/10% of sum  insured. (on Death is exempt).

10(16)

Scholarship to meet cost of education.

10(17)

Member of Parliament  : Daily Allowances & Other Allowances;

Member of Legislative Assembly : Daily Allowance & Constituency Allowance.

10(17A)

Payment in Cash or Kind

-   For award in public interest by Central Govt./State Govt./body approved by Central Govt.

-   For reward by Central Govt./State Govt. for purpose approved by Central Govt.

10(18)

Pension  received by Individual or Family Pension by family member if Individual awarded Vir Chakra or Mahavir Chakra or Param Vir Chakra or other notified gallantry awards.

10(19)

Family pension received by widow /heir on death of member of armed forces during duty.

10(19A)

Annual value of one palace of an ex ruler provided such annual value exempt before 28.12.71.

10(20)

The following incomes of Local authority-House property, capital gains, other sources &-trade/business income from supply of :- water or electricity within or outside its jurisdictional area- any other commodity or service within own jurisdictional area.

10(22B)

Income of specified news agency set up in India solely for collection & distribution of news, provided does not distribute its income to its members.

10(23A)

Income of professional associations/institutions  Exception :-Income from house property, Investment Incomes

-Income from specific services to its member.

10(23C)

Income of certain institutions like

-Prime Minister National Relief Fund

-National foundation for communal harmony

-Educational institutions not for profit

-Hospital treating specified ailments not for profit

-Fund or institutions for charitable purposes, having importance throughout India/States

10(23FB)

Any income of  venture capital company or venture capital fund from investment in venture capital undertaking.

10(24)

House proper income &  Income from other  sources arising to a registered trade union

10(39)

Income arising from any International sporting event held in India if such event is

-approved by international body regulating such sport

-has participation by more than two countries & is notified by central govt for this clause.

10(43)

Amount received by an Individual as a loan, either in lump sum or in instalment, in a transaction of reverse mortgage referred in Sec 47(xvi).

10(45)

Any allowance or perquisite, as notified by CG in the Official Gazette  paid to  Current/RetiredChairman/Member of  Union Public Service Commission.

10(46)

Any specified income arising to Body/Authority/Board /Trust/ Commission which—

(a)Has been established under Central, State or Provincial Act, or constituted by C/S/GOVT

(b)Object of any activity for benefit of general public

(c)Not engaged in any commercial activity

(d)Notified by CGOVT in Official Gazette

10(47)

Any income of an infrastructure debt fund, set up as per prescribed guidelines which is notified by CGOVT

10(48)

Any income received in India in Indian currency by a foreign company for sale of crude oil to anyperson in India  Provided that such income is received  under agreement with Central Government inNational Interest + Foreign company not engaged in any activity in India other than receipt of suchincome