Chart for 49 Exclusive Tax Exemptions to Individuals

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Exemption from tax is generally provided under section 10 of the Income Tax Act . The said provision u/s 10 is headed “Incomes Which do not form part of total income” , which means that once an income falls under any of the provisions given under section , it does not become part of computation of gross total income . This is important. Presenting before you a ready reckoner of forty nine provisions which is related to exemption exclusively granted to an Individual under Income Tax Act.

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