Direct Taxes

Exempt Income

Section	Type of assessee	Type of income	Exempt amount	Remarks
10(1)	All assessees	Agricultural income	No limit	See definition – Section 2(1A). Income derived from any land or building for any purpose other than agriculture would be taxable
10(2)	Member of HUF	Sum paid out of income of family or income of impartible estate	No limit	Subject to the provision of Section 64(2)
10(2A)	A person being a partner of a firm	Share in the total income of the firm separately assessed as a firm	No limit	For share of the partner see Explanation to this sub-section
10(4)(i)	Non-resident	Interest on specified securities or bonds including income by way of premium on redemption of such bonds	No limit	No securities or bonds to be specified on or after 1 June 2002. For specified securities see Notification No. SO-3331, dated 19 October 1965.
10(4)(ii)	Individual, being resident outside India under FEMA permitted by RBI to maintain NRE account	Interest from NRE account	No limit	The exemption which was withdrawn from 1 April 2005 has been restored. Person resident outside India is defined under Section 2(w) of the FEMA
10(4B)	Non-resident being a citizen of India or a person of Indian origin	Interest on specified saving certificate issued before 1 June 2002 subscribed in foreign currency	No limit	—
10(4C)	Non-resident, not being a company, or to a foreign company	Interest on monies borrowed by an Indian company or business trust by issue of rupee denominated bonds to a source outside India refereed in Section 194LC(2)(ia)	No limit	Applicable to monies borrowed during the period 17 September 2018 to 31 March 2019
10(4D)	Specified Fund	On transfer of capital assets referred to in Section 47(viiab)	Such income of Non-resident	Transfer is on a recognised stock exchange in any International Financial Service Centre; Consideration is paid or payable in convertible foreign exchange
10(7)	Citizen of India	Allowances or perquisites by Government for services rendered outside India	No limit	—
10(10BC)	Individual or his legal heir	Compensation from Central Government, State Government or Local authorities on account of any disaster	No limit	Exemption not allowed on the amount allowed as deduction under any other Section under the Income-tax Act on account of loss or damage caused by such disaster
10(10D)	All assessees	Any sum received under a life insurance policy including bonus	No limit	The following amount shall not be exempt: Amount received from an insurance company on death of dependent being a person with disability in respect of an insurance policy issued to him for the maintenance of such dependent Amount received under a Keyman Insurance Policy (for definition of “Keyman Insurance Policy” refer to Explanation to this sub-section) Sum received under an insurance policy issued on or after 1 April 2003, where premium payable for any of the years exceeds 20% of the actual capital sum assured unless such sum is received on death of a person Sum received under an insurance policy issued on or after 1 April 2012, where premium payable for any of the years exceeds 10% of the actual capital sum assured unless such sum is received on death of a person. Sum received by a person with a disability or severe disability as referred to Section 80U under an insurance policy issued on or after 1 April 2013, where premium payable for any of the years exceeds 15% of the actual capital sum assured, unless such sum is received on death of a person.
10(11)	All assessees	Payments from a statutory P.F. or public P.F. or from notified P.F.	No limit	For notified P.F., refer Notification No. SO-2430 dated 2 July 1968.
10(11A)	Individual	Payment from an account opened under Sukanya Samriddhi Account Scheme	No limit	The Explanatory Memorandum to the Finance Act clarifies that interest accruing in such account is exempt from tax
10(12)	Salaried employee	Accumulated balances due from recognised Provident Fund	No limit	Employee has put in 5 or more years of service or termination of service is due to his ill health or closure of employers business or the balance from recognised P.F. is transferred to another recognised fund or the balance from recognised P.F. is transferred to his account under the pension scheme referred in Section 80CCD and notified by the Central Government.
10(12A)	All assessees	Accumulated balance from NPS on closure of account or opting out of the scheme	60% of the amount received w.e.f AY 2020-21. (40% up to AY 2019-20)	However, if entire amount received by the nominee on death of assessee is exempt
10(12B)	Salaried employee (w.e.f 1st April 2018)	Payment from NPS Trust on account of partial withdrawal from employee’s account (under pension scheme referred in Section 80CCD)	25% of the amount of contributions made by the employee	Withdrawal is made in accordance with the terms and conditions specified under Pension Fund Regulatory and Development Authority Act, 2013 and the regulations made thereunder
10(13)	Salaried employee	Payment from approved superannuation fund	No limit	Payment is on death or on retirement after specified fund, age or his becoming incapacitated prior to such retirement Amount transferred from approved superannuation fund to NPS scheme is exempt from tax
10(15)(i)	All assessees	Income by way of interest, premium on redemption or other payment from notified securities, bonds, certificates, etc. issued and notified by Central Government	Limits as specified in the Notification	—
10(15)(iib)	Individual or HUF	Interest on notified capital investment bonds	No limit	No bonds to be specified on or after 1 June 2002
10(15)(iic)	Individual or HUF	Interest on notified Relief Bonds	No limit	—
10(15)(iid)	Individual who is NRI at the time of acquisition of the bonds or his successor or the donee	Interest on notified Bonds being NRI Bonds, 1988, NRI Bonds (second series) issued by SBI	No limit	No exemption available in the year of premature encashment. No bonds to be specified on or after 1 June 2002
10(15)(iv)(c)	Non-resident	Interest payable by industrial undertaking on money borrowed or debt incurred prior to 1 June 2001 in foreign country in respect of purchase of raw materials, components or plant and machinery and approved by Central Government including usance interest payable outside India by an undertaking engaged in the business of ship breaking in respect of purchase of a ship from outside India	No limit	—
10(15)(iv)(fa)	NR or NOR	Interest paid by a scheduled bank on RBI approved foreign currency deposits, FCNR and RFC accounts	No limit	The exemption which was withdrawn from 1 April 2005 has been restored.
10(15)(vi)	All assessees	Interest on Gold Deposit Bond Scheme, 1999 or Deposit certificate issued under the Gold Monetisation Scheme, 2015	No limit	—
10(15)(vii)	All assessees	Interest on notified bonds issued by a local authority or by a State Pooled Finance Entity	No limit	Ahmedabad notified vide 812(E) dated 21 August 2001, 364(E) dated 16 March 2004, 407(E) dated. 24 March 2005, and 333(E) dated 8 March 2007, Hyderabad notified vide 275(E) dated 4 March 2002, and 1482(E) dated 29 December 2003, Nashik notified vide 269(E) dated 7 March 2003. Tamil Nadu notified vide 545(E) dated 12 May 2003, Chennai notified vide 392(E) dated 23 March 2004, 402(E) dated 23 March 2005 and 408(E) dated 24 March 2005, Karnataka notified vide 941(E), dated 20 August 2004, and 729(E) dated 27 May 2005, Visakhapatnam notified vide 1481(E) dated 29 December 2003, Nagpur notified vide 10(E) dated 4 January 2007; Tax free Pooled Finance Development Bonds vide 82(E) dated 4 January 2008 and second tranche of the same bonds vide 1667(E) dated 14 July 2010
10(15)(viii)	NR or NOR	Interest on deposit made on or after 1 April 2005 in an offshore banking unit referred to in Special Economic Zones Act, 2005	—	—
10(15)(ix)	NR	Interest payable by a unit located in International Financial Services Centre on monies borrowed by it on or after 1 September 2019	No limit	‘International Financial Services Centre’ is defined under Section 2(q) of the Special Economic Zones Act, 2005 ‘Unit’ is defined under Section 2(zc) of the Special Economic Zones Act, 2005
10(16)	Individual	Scholarship granted to meet cost of education	No limit	—
10(17A)	All assessees	Payment in cash/kind as award instituted by Central/State Government or award instituted by the Central Government approved body	No limit	—
10(18)	Central or State Government employee	Pension	No limit	Such employee is awarded ParamVir Chakra or MahaVir Chakra or Vir Chakra or such other notified gallantry award
	Any family member of an employee referred above	Family Pension	No limit	—
10(19)	Widow, children or nominated heirs of a member of the armed forces (including paramilitary forces) of the Union	Family Pension	No limit	Where the death of such member of the armed forces has occurred in the course of operational duties, in such circumstances and subject to such conditions as may be prescribed
10 (23AAA)	Any person on behalf of employees welfare fund	Any income	No limit	Fund is approved by CIT The income is applied or accumulated for application towards objects of the fund only The funds are invested as permitted under Section 11(5) The approval shall have effect for 3 years at a time
10(23C)	Certain Trusts, institutions receiving income on behalf of specified funds	Any income	No limit	The restrictions on cash payments as per 40A(3) and (3A) and consequences of non-deduction or non-payment of taxes after deduction as per section 40(a)(ia) shall apply to the specified institutions. Explanation to the third proviso to section 10(23C) clarifies that the corpus donations shall not form part of the income of such trusts / institutions.
10(23C)(iiiaa)	Swachh Bharat Kosh set up by Central Government	Any income	No limit	Same as above
10(23C)(iiiaaa)	Clean Ganga Fund set up by Central Government	Any income	No limit	Same as above
10(23C)(iiiaaaa)	Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund in respect of any State or Union territory	Any income	No limit	The Fund should fulfil the conditions mentioned in section 80G(2)(a)(iiihf)
10 (23DA)	Securitisation Trust	Any income from the activity of securitisation	No limit	-
10(23ED)	Investor Protection Fund set up by depository	Contribution received from the depository	No limit	Exemption not available in respect of amount of contribution not charged to tax during any previous year and shared with the depository.
10(23F)	Approved Venture Capital Fund or Venture Capital Company	Dividend and LTCG in respect of equity shares of a Venture Capital Undertaking	No limit	It shall not apply to investment made after 31st March 1999.
10(23FA)	Same as per Section 10(23F)	Dividend other than referred in Section 115-O and LTCG in respect of equity shares of a venture capital undertaking	No limit	Approved by Central Government It shall not apply to investment made after 31 March 2000
10(23FB)	Venture Capital Fund (VCF) or Venture Capital Company (VCC) set up to raise funds for Venture Capital Undertaking (VCU)	Income from investment in VCU	No limit	VCF/VCC granted registration under SEBI Act VCF/VCC granted registration as category 1 Alternative Investment Fund with effect from A.Y. 2013-14 VCF is operating under a registered trust deed or operating as venture capital scheme of UTI VCF/VCC fulfils conditions specified by SEBI VCU must be referred to in SEBI (VCF) Regulations, 1996 and notified by CBDT VCU must be engaged in specified businesses or industries. This condition is no longer applicable w.e.f. A.Y. 2013-14 VCU must be domestic company, whose shares are not listed on recognised stock exchange in India Not applicable to income of VCC or VCF being an investment fund specified in Explanation 1(a) to Section 115UB from A.Y 2016-17
10 (23FBA)	Investment Fund regulated under SEBI (AIF) Regulations	Any income other than income chargeable under the head ‘Profits and gains of business or profession’	No limit	—
10 (23FBB)	Unit holder of an Investment Fund	Income distributed by an Investment Fund which is taxed as business income in the hands of the Investment Fund	No limit	—
10(23FC)	Business Trust	Interest received or receivable from Special Purpose Vehicle (SPV) or dividend received from specified domestic company	No limit	SPV is defined to mean an Indian company in which Business Trust holds controlling interest and any specific percentage of shareholding or interest as may be required
10 (23FCA)	Income of a Real Estate Investment Trust	Income from renting, leasing or letting out any real estate asset owned by such trust	No limit	Real Estate Asset will have same meaning as defined in Regulation 2(1)(zj) of SEBI (Real Estate Investment Trusts) Regulation, 2014
10(23FD)	Unit holders of a Business Trust	Any income distributed as referred to in section 115UA	No limit	Does not include- proportion of income as referred to in sub-clause (a) of clause 10(23FC) dividend received from SPV if such SPV has not exercised the option of section 115BAA of the Income-tax Act
10(23FE) (w.e.f. 1 April 2021)	Specified person	Income in the nature of dividend, interest or long-term capital gains arising from an investment made by specified person in India	No limit	“specified person” is defined to mean A wholly owned subsidiary of the Abu Dhabi Investment Authority, which is a resident of the United Arab Emirates and makes investment, directly or indirectly, out of the fund owned by the Government of the United Arab Emirates A sovereign wealth fund which is wholly owned and controlled by Government of a foreign country and meets other prescribed conditions. A pension fund which is created or established under the law of a foreign country and is not liable to tax in such foreign country. Such pension fund must be specified by the Central Government, by notification in the Official Gazette. In order to be eligible for exemption, the investment is required to be made on or after April 01, 2020 but on or before March 31, 2024 and is required to be held for at least three years and investment should be in a business trust referred to in clause 13A(i) of Section 2 or a company carrying on the business of developing, or operating and maintaining, or developing, operating and maintaining any infrastructure facility as defined in the Explanation to section 80-IA(4)(i) or a Category I or Category II Alternative Investment Fund regulated under the SEBI Regulations, 2012 having 100% investment in one or more of the company or enterprise or entity referred to in b) above. If specified person subsequently fails to satisfy the conditions on basis of which exemption was claimed in earlier years, the amount of exemption claimed in earlier years shall be deemed to be the income of the assessee of the year in which it fails to comply with the conditions.
10(32)	Individual — Parent	All income of a minor child which is clubbed	Up to 1,500 per minor child	Exemption will not be available if the Assessee opts for new tax regime under section 115BAC
10(33)	All assessees	Capital Gains arising on transfer of Unit 64 on or after 1st April, 2002	No limit	—
10(34)	All assessees	Dividends referred to in section 115-O	No limit (upto AY 2020-21)	Does not apply to dividend chargeable to tax under Section 115BBDA Exemption shall not be available for any income by way of dividend received on or after 1st April, 2020 other than the dividend on which tax under Section 115-O and Section 115BBDA has already been paid
10(34A)	All assessees	Amount received on buy back of unlisted shares referred to in section 115QA. Exemption extended to buyback of listed shares with effect from 5 July 2019.	No limit	Exemption applies to buy-backs offered after 1 June 2013 for unlisted shares. Exemption for listed shares applicable from 5 July 2019.
10(35)	All assessees	Income in respect of Units of UTI Income in respect of Units of UTI units or Mutual Fund specified under Section 10(23D)	No limit (upto AY 2020-21)	Does not apply to income arising from transfer of units Exemption shall not be available for any income in respect of units received on or after 1st April, 2020
10(35A)	All assessees	Income distributed by a securitisation trust referred to in section 115TA	No limit	Does not apply to income received on or after 1 June, 2016
10(36)	All assessees	LTCG on transfer of equity shares purchased between 1st March 2003 and 1st March 2004	No limit	Such equity shares should be of a company which is part of BSE-500 Index as on 1st March, 2003 or where shares are allotted through public issue after 1st March, 2003 and listed on a recognised stock exchange in India before 1st March, 2004 Transactions of purchase/sale are entered through recognised stock exchanges in India
10(37)	Individual or HUF	Capital Gains arising from transfer by way of compulsory acquisition under any law of the agricultural land in urban area referred to in Section. 2(14)(iii)(a) or (b) for which is determined or approved by the Central Govt. or the RBI	No limit	Land should have been used for agricultural purposes by the individual or his parent or the HUF for at least last 2 years immediately preceding the date of transfer Exemption applies to compensation /consideration / additional compensation received on or after 1st April, 2004
10(37A)	Individual or HUF	Capital Gains on transfer of specified capital assets	No limit	Specified capital assets refers to Land or building or both owned as on 2nd June, 2014 and transferred under the Land Pooling scheme Land pooling ownership certificate issued under the scheme in respect of land or building or both referred to at point (1) above Reconstituted plot or land received in lieu of land or building or both (referred to at point 1 above) under the scheme and such plot or land is transferred after 2 years from the end of the financial year in which the possession of such land or plot was handed over to the assesse
10(38) (w.e.f. 1 October 2004 up to 31 March 2018)	All assessees	LTCG on transfer of equity shares in company or a unit of an equity oriented fund or a unit of a business trust where such transaction of sale is entered into on or after 1 October 2004 and on or before 31 March 2018 and is subjected to Securities Transaction Tax (STT)	No limit (up to AY 2018-19)	For definition of equity oriented fund, please refer Explanation to clause (38) LTCG of a company is however includible in computing book profits under Section 115JB from A.Y. 2007-08 W.e.f 1 April 2018 (AY 2018-19) this exemption is not available to income arising from transfer of equity share, acquired on or after 1 October, 2004 and such transaction were not chargeable to STT. The Government issued the notification dated 5 June 2017 which provides that all transactions of acquisitions of equity shares (acquired on or after 1 October 2004 and are not subject to STT) are notified under Section 10(38) except the following: Acquisition of listed equity shares (not frequently traded on a recognised stock exchange in India) through a preferential issue, other than preferential issues to which Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009) does not apply, etc Transaction of purchase of listed equity shares in a company is not entered through a recognised stock exchange; Acquisition of equity shares of a company during the period between the date on which the company is delisted and again relisted on a recognised stock exchange The terms ‘frequently traded shares’, ‘listed’ ‘recognised stock exchange’, etc are defined in the notification. The notification lists down certain mode of acquisitions where exemption should continue to be available (such as through IPO, FPO, bonus or right issue, etc.) Exemption not available in respect of income arising from transfer of an equity share in a company or a unit in an equity oriented fund or unit of business trust, which were acquired in consideration of a transfer referred to in Section 47(xvii) Exemption is also available in respect of income arising from a transaction undertaken on a recognised stock exchange located in any International Financial Service Centre and when consideration is paid/payable in foreign currency
10(45)	Chairman or serving/retired member of UPSC	Notified allowances and perquisites	No limit (upto AY 2020-21)	This exemption has been withdrawn with effect from AY 2021-22.
10(46)	Notified body authority board, Trust or Commission or the class thereof which is established by a Central/State on provincial Act or by Central or State Government	Specified income	Specified Income	The entity has object of regulating or administering any activity for the benefit of the general public The entity does not engage in any commercial activity Entity is notified by the Central Government in the Official Gazette
10(47)	Infrastructure Debt Fund set up in accordance with prescribed guidelines	Any Income	No limit	The fund has to file its return of income
10(48A) (w.e.f. 1 April 2016)	Foreign company	Income from: storage of crude oil in a facility in India and sale of crude oil therefrom to any person resident in India	No limit	Storage and sale is pursuant to an agreement or arrangement between the foreign company and the Central Government Foreign company and arrangement/agreement are notified by the Central Government
10(48B) (w.e.f. 1 April 2018)	Foreign company	Income from: sale of leftover stock of crude oil from the facility in India	No limit	Sale is after expiry of agreement or arrangement referred in Section 10(48A) or on termination of the said agreement subject to such conditions as may be notified by the Central Government
10(48C) (w.e.f. 1 April 2020)	Specified company	Any income accruing or arising as a result of arrangement for replenishment of crude oil stored in its storage facility in pursuance of directions of the Central Government in this behalf	No limit	Specified company means Indian Strategic Petroleum Reserves Limited, being a WOS of the Oil Industry Development Board under the Ministry of Petroleum and Natural Gas Exemption will not be available if the crude oil is not replenished in the storage facility within 3 years from the end of the FY in which the crude oil was removed from the facility for the first time
10(50)	Non-resident	Income from specified services which subject to equalisation levy	No limit	w.e.f. 1 April 2021, any income arising from any e-commerce supply or services made or provided or facilitated on or after the 1st day of April 2021 and chargeable to equalization levy will also be exempted.
10A	Industrial undertaking in 1. Free Trade Zone (FTZ)	W.e.f. A.Y. 2000-01 income for 10 years from the year of Commercial Production.	100% (90% for A.Y. 2003-04) of the profits from export computed as profits of the business in proportion to export turnover to total turnover	Not formed by splitting up or reconstruction of existing business or by transferring used plant and machinery Manufactures/produces articles or things (including computer software) and cutting and polishing of precious and semi-precious stones No deduction under Section 80-IA, under Section 80-IB, under Section 80HH, and under Section 80HHA in relation to the profits and gains of the industrial undertaking FTZ/EHTP/STP/SEZ to be notified by Central Government Deduction shall be allowed only up to A.Y. 2011-12. However, for SEZ unit this limitation does not apply Report of a Chartered Accountant certifying deduction to be furnished Profit from domestic sales up to 25% of total sales would be deemed to be profits from exports only for the A.Y. 2001-02 Availing the concession is at the option of the assessee Profits from onsite development of computer software outside India would be deemed to be profits from export In the event of transfer of undertaking under amalgamation or demerger, the deduction shall continue to be allowed to the amalgamated or the resulting company No deduction shall be admissible to amalgamating or demerged company in the year of amalgamation or demerger Deduction not allowable if return not filed by due date under Section 139(1) and prescribed form is not filed by the due date referred to in section 44AB. Does not apply to any undertaking being unit referred to in Section 2(zc) of the SEZ Act, 2005, which begins to manufacture or produce articles or things or computer software after 1 April, 2005 in any SEZ The amount transferred to Reserve Account should be utilised for purposes specified in sub-section (1B)
	2. Electronic Hardware Technology Park (EHTP) or Software Technology Park (STP) w.e.f. A.Y. 1994-95	W.e.f. A.Y. 2000-01 income for 10 years from the year of Commercial Production.	100% (90% for A.Y. 2003-04) of the profits from export computed as profits of the business in proportion to export turnover to total turnover
	3. Special Economic Zone (SEZ) w.e.f. A.Y. 2001-02	W.e.f. A.Y. 2001-02, income from exports eligible for deduction for 10 years from the year of Commercial Production	Undertakings in SEZ which begins to manufacture or produce on or after 1 April 2003, exempt amount would be 100% of profits from export for first 5 assessment years, 50% for next two assessment years and for subsequent three assessment years, amount transferred to Special Economic Zone Reinvestment Allowance Reserve Account not exceeding 50% of such profit
10AA	Undertaking set up in Special Economic Zone w.e.f. A.Y. 2006-07	W.e.f. A.Y. 2006-07 income from export eligible for deduction starting from the year of commercial production	100% of profit from export for first 5 A.Ys. 50% for next 5 A.Ys., & for subsequent 5 A.Ys. amount transferred. to SEZ Reinvestment reserve A/c not exceeding 50% of such profit. Profits from export computed as profits of the undertaking in proportion to export turnover to total turnover of the under-taking. W.e.f 1 April 2018 deduction shall be allowed from total income of the assessee, before giving effect to provision of Section 10AA and the deduction shall not exceed total income.	Not formed by splitting up or reconstruction of existing business or by transferring used plant and machinery. In the event of transfer of undertaking under amalgamation or demerger, the deduction shall continue to be allowed to the amalgamated or the resulting company No deduction shall be admissible to amalgamating or demerged company in the year of amalgamation or demerger. Report of a Chartered Accountant certifying deduction to be furnished. The amount transferred to Reserve Account should be utilised for purposes specified in sub-section (2). Assessee engaged in ‘specified business’ as specified in Section 35AD, to choose between deduction under Section 10AA and section 35AD. Deduction will not be available from A.Y. 2021-22 Exemption will not be available if the Assessee being, an individual or HUF opts for new tax regime under section 115BAC a resident co – operative society opts for new tax regime under section 115BAD a domestic company opts for new tax regime under section 115BAA a new manufacturing domestic company opts for new tax regime under section 115BAB
10B	Undertaking approved as a 100% Export Oriented Undertaking under section 14 of IDRA (100% EOU)	Same as Industrial undertaking in Free Trade Zone	Same as Industrial undertaking in Free Trade Zone	Same as Section 10A above, except No. 4
10BA	Undertaking manufacturing or producing “eligible articles or things”; i.e., all hand-made articles or things, which are of artistic value and which requires the use of wood as the main raw material	W.e.f. A. Y. 2004-05 income derived from export out of India of “eligible articles or things” up to A. Y. 2009-10.	Profits from export computed as profits of the business in proportion to export turnover to total turnover	Undertaking which has claimed deduction under section 10A or 10B for any assessment year shall not be entitled to this deduction Manufactures eligible articles or things without the use of imported raw materials. It employs 20 or more workers Not formed by splitting up or reconstruction of the existing business or by transferring used plant and machinery 90% or more of its sales during the relevant previous year are by way of the exports of the eligible articles or things Report of a Chartered Accountant certifying deduction to be furnished. No other deduction allowed under any other section in respect of the eligible export profit
10C	Industrial undertaking in any Integrated Infrastructure Development Centre or Industrial Growth Centre in North-Eastern region	Income of ten consecutive A.Ys. from the year of production up to A.Y. 2003-04	No limit	Manufactures or produces any article or thing on or after 1 April 1998 Not formed by splitting up or reconstruction of the existing business or by transferring used plant and machinery No deduction under Sections 80HH, 80HHA, 80-I, 80-IA, 80-IB or 80JJA in relation to profits and gains of the industrial undertaking Assessee has an option of not claiming the benefit for a particular A.Y. if such declaration in writing is furnished to the assessing officer before the due date of furnishing the return of income under Section 139(1)

List of Bonds, Certificates, etc. specified for the purposes of Section 10(15)(i)

Sr. No.	Particulars of securities, etc.	Maximum amount ₹	Notification Ref.
1	12 years National Savings Annuity Certificates	Whole of the amount	No. SO 607(E) dated 9 June 1989
2	National Defence Gold Bonds, 1980	Whole of the amount	— do —
3	Special Bearer Bonds, 1991	Whole of the amount	— do —
4	Treasury Savings Deposit Certificates (10 years)	Whole of the amount	— do —
5	Post Office Cash Certificates (5 years)	Whole of the amount	— do —
6	National Plan Certificates (10 years)	Whole of the amount	— do —
7	National Plan Savings Certificates (12 years)	Whole of the amount	— do —
8	Post Office National Savings Certificates (12 years/7 years)	Whole of the amount	— do —
9	Post Office Savings Bank Accounts	₹ 3,500 in the case of individual account ₹ 7,000 in the case of joint account	No. SO 1296(E) dated 3 June 2011
10	Public Account of the nature referred to in item (6) in the Table below rule 4 of the Post Office Savings Account Rules, 1981	₹ 5,000	No. SO 607(E) dated 9 June 1989
11	Post Office Cumulative Time Deposits Rules, 1981	Whole of the amount	— do —
12	Scheme of Fixed Deposits governed by the Government Savings Certificates (Fixed Deposits) Rules, 1968	Whole of the amount	— do —
13	Scheme of Fixed Deposits governed by the Post Office (Fixed Deposits) Rules, 1968	Whole of the amount	— do —
14	Special Deposit Scheme, 1981	Whole of the amount	— do —
15	Non-Resident (Non-repatriable) Rupee Deposit Scheme	Whole of the amount	No. SO 653(E) dated 31 August 1992
16	Resurgent India Bonds issued by the State Bank of India	Whole of the amount	No. SO 844(E) dated 21 September 1998
17	8.5% Tax Free SLR Power Bonds issued by Reserve Bank of India	Whole of the amount	No. SO 742(E) of 2003 dated 27 June 2003
18	India Millennium Deposits	Whole of the amount	No. SO 1114(E) dated 10 August 2005