41+ Income Tax Exemption Under Section 10 Background. A detailed explanation about the various exemptions available under section 10 and how you can claim them to save more taxes. Section 10 of the income tax.
This deduction is provided under section 80c of the income tax act. Agricultural income section 10(1) as per section 10(1), agricultural income earned by the taxpayer in india is exempt from tax. Taxpayers can either opt for the new regime or continue to pay taxes.
13a exemption of shipping profits.
Leave travel concession section 10(5) an employee can claim exemption under section 10(5) in respect of leave travel concession. Gift voucher the value of a gift, or voucher, or token provided by an employer, the aggregate value of which does not exceed rs 5,000 annually, is. Just upload your form 16, claim your deductions and get your acknowledgment. Amount received under life insurance policy including policy bonus.