Exemption

Tax Glossary Definition

Exemption

Under Section 10 refers to specific categories of income that the Income Tax Act excludes from taxation under its Section 10 provisions. These may include certain allowances, perquisites, or scholarships.

Example: A portion of the House Rent Allowance (HRA) received by an employee can qualify for exemption under Section 10(13A), subject to prescribed limits.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat