SL.NO. |
I.T. Section |
Exempted, Allowance, Perks |
Amount of Exemption |
Categories of Assesses Entitled |
1 |
10(5) |
Leave Travel |
Actual Amount spent in respect of 2 journeys in a block of 4 calendar years (Current Block is 2006-20) |
All Employees |
2 |
10(10)(i) |
Retirement/ Death Gratuity |
Actual Amount |
Govt. employees |
3 |
10(10)(ii) |
Gratuity Received under Payment of Gratuity Act, 1972 |
Least of : 15 days salary or 3.5 lakh or Gratuity Received |
Non-Govt. employees |
4 |
10(10)(iii) |
Any other Gratuity |
Least of : 15 days average salary or 3.5 lakh or Gratuity Received |
Non-Govt. employees |
5 |
10(10A)(i) |
Commuted Pension |
Full Amount |
State/Central Govt. ,Defense & Civil Service Employees |
6 |
10(10A)(ii)a |
Commuted Pension (where employee is eligible for Gratuity) |
33.33% of the Commuted Value of Pension |
Employees excluding as mentioned at SL.No.5 |
7 |
10(10A)(ii)b |
Commuted Pension (where employee is Not eligible for Gratuity) |
50% of the Commuted Value of Pension |
Other Employees not covered at SL.No-5 |
Exemptions mentioned at SL. No. 2 to 7 are allowed once in the life time service of an employee. |
8 |
10(10B) |
Any compensation received by a workman under the Industrial Disputes Atc, 1947 at the time of retrenchment. |
Compensation as computed in accordance with Sec.25F(b) of Industrial Disputes Act or Rs. 5 Lakhs whichever ls less. |
Individual |
9 |
10 (10C) |
Voluntary Retirement Benefits [if Voluntary Retirement Scheme is approved by IT Dept.) |
Max. limit Rs. 5 Lakhs. |
All Employees Exemptions will not allowed for an amt. in respect of which relief u/s 89 has been allowed to assessee for any A/Y. |
10 |
10 (13A) |
House Rent Allowance |
Under Rule 2A (See HRA) |
All Employees |
11 |
10 (10D) |
Maturity Value including Bonus received from Life Insurance Cos. expect ** |
Full Amount
|
Any Assessee |
12 |
10 (11) |
Amount received from Provident Fund & Public Fund & Public Provident Fund |
Full Amount |
Individual / H.U.F. |
