வருமான வரிவிலக்கு எந்தெந்த வரவுகளுக்கு வரிவிலக்கு வழங்கப்படுகிறது மேலும் எந்தெந்த வரவுகளுக்கு பகுதிவாரியாக வரிவிலக்கு வழங்கப்படுகிறது
| Sections | Particulars | Exemption limit |
|---|---|---|
| Sec 10(1) | Agricultural Income (from agricultural land, farm house, or sapling seedling grown in nursery) for self employed | Fully exempt from tax |
| Sec 10(2) | Income received from HUF (Hindu-undivided family) by a tax payer in his capacity as a member of HUF | Fully exempt from tax |
| Sec 10(10C) | Compensation received at the time of voluntary retirement for salaried employees | Exempt from tax up to a certain limit of compensation amount Rs. 5,00,000 |
| Sec 10(10D) | Amount received under life insurance policy including policy bonus | Fully exempt from tax |
| Sec 10(11)(12) | Amount withdrawn from Provident fund by salaried employees | Fully exempt from tax |
| Sec 10(10BC) | Compensation received in case of any disaster from central government | Fully exempt from tax |
| Sec 10(13A) | House rent allowance (HRA) to salaried employees (rent paid by the employees to stay in a rented house) | Fully exempt from tax and 50% of salary amount if residential house is in metro cities otherwise 40% in non-metro |
| Sec 10(14) | Children education allowance (salaried employees can claim a pre defined allowance for two children) | Exemption up to Rs. 100 per month per child |
| Sec 10(14) | Special compensatory allowance for hilly areas or climate allowance or high altitude allowance to salaried employees | Exemption up to Rs. 7,000 per month |
| Sec 10(14) rule 2BB | Border area allowance or remote area or any disturbed area allowance to salaried employees | Exemption up to Rs. 1,300 per month |
| Sec 10(14) | Tribal area allowance in: Madhya Pradesh, Tamilnadu, Assam, UP, Karnataka, West Bengal, Bihar, Orissa and Tripura to salaried employees | Exemption up to Rs. 200 per month |
| Sec 10(14) | Compensatory field area allowance available in various areas of AP, Manipur, Sikkim, Nagaland, HP, UP and J&K to salaried employees | Exemption up to Rs. 2,600 per month |
| Sec 10(14) | Transport allowance granted to employee for the purpose of commuting from home to office salaried employees | Exemption up to Rs. 1,600 (Rs. 3,200 for blind, deaf and dumb) per month |
| Sec 10(15) | Income from tax free securities to all assesses (Income received as interest from securities, bonds, deposits notified by government) | Fully exempt from tax |
| Sec 10(23D) | Income from mutual fund (Any income earned from mutual funds registered under SEBI or set-up by any PSU or authorized by RBI) | Fully exempt from tax |
| Sec 10(34) | Income from dividends (Tax paid by the company over the profits is considered as the final payment of tax no further credit to be claimed as dividends) | Fully exempt from tax |
| Sec 10(38) | Long term capital gains on transfer of shares and securities | Fully exempt from tax |
| Sec 10(43) | Reverse Mortgage (Any amount received by the individual as loan in lump-sum or in installments in transaction of reverse mortgage) | Fully exempt from tax |
| Sec 10(44) | New Pension System exemption (Any income received by any person on the behalf of New pension system) | Fully exempt from tax |
| Sec 10(49) | Income of National financial holdings company | Fully exempt from tax |
https://www.myloancare.in/tax/exemptions-under-section-10/
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