Income Tax Act

Official PDF pages 601–605

SOURCE PDF PAGE 601
Sl.
No.
Income not to be
included in total
income
Eligible persons   Conditions
A   B   C   D
State Legislature or of
any Committee there -
of.
6.   Any   allowance   re -
ceived.
Any person by reason
of his membership of
Parliament under the
Members   of   Parlia -
ment   (Constituency
Allowance) Rules, 1986
made under the Salary,
Allowances and Pen -
sion   of   Members   of
Parliament Act, 1954
(30 of 1954).
Nil .
7.   Any   constituency
allowance received.
Any person by reason
of his membership of
any State Legislature
under any State Act or
rules made thereunder.
Nil .
8.   The   value   of   any
travel concession or
assistance.
Any individual.   ( a )   Such sum is received
by,   or   due   to,   such
individual—
( i )   from his employ -
er   for   himself
and his family, in
connection with
his   proceeding
on leave to any
place in India;
( ii )   from his employ -
er or former em -
ployer   for   himself
and his family, in
connection with
his   proceeding
to any place in
India   after   re -
tirement   from
service or after
the termination
of his service;

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SOURCE PDF PAGE 602
Sl.
No.
Income not to be
included in total
income
Eligible persons   Conditions
A   B   C   D
( b )   such sum is subject
to   such   conditions
as may be prescribed
( i n c l u d i n g   c o n d i   -
tions   as   to   number
of journeys and the
amount   which   shall
be exempt per head);
( c )   the   conditions   in   clause
( b ) shall have regard to
the travel concession
or assistance granted
to the employees of the
Central Government;
and
( d )   the sum not included in
the total income shall
in no case exceed the
amount   of   expenses
actually incurred for
the purpose of such
travel.
9.   Any allowances or
perquisites paid or
allowed as such out -
side   India   by   the
Government.
A citizen of India.   Such sum is paid or allowed
for rendering service outside
India.
10.   Income in the nature
of a perquisite.
An employee, being an
individual.
( a )   Such perquisite is not
provided for by way
of monetary payment,
within the meaning of
section 17(1); and
( b )   the tax on such income
actually paid by his em -
ployer, at the option of
the employer, on behalf
of such employee.
11 .   Any special allow -
ance from employer.
Any assessee.   ( a )   Such   allowance   is
specifically   granted
to meet expenditure
actually incurred on

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SOURCE PDF PAGE 603
Sl.
No.
Income not to be
included in total
income
Eligible persons   Conditions
A   B   C   D
payment of rent (by
whatever name called)
in respect of residential
accommodation occu -
pied by the assessee;
( b )   such allowance is to
such   extent   as   may
be prescribed having
regard to the area or
place in which such ac -
commodation is situat -
ed and other relevant
considerations;
( c )   the residential accom -
modation   occupied
by the assessee is not
owned by him; and
( d )   the assessee has actu -
ally incurred expendi -
ture on payment of rent
(by   whatever   name
called) in respect of
the residential accom -
modation occupied by
him.
12.   Any special allow -
ance or benefit to
the extent to which
such   expenses   are
actually incurred for
that purpose.
Any assessee.   ( a )   Such   allowance   or
benefit is not in the
nature of a perquisite
within the meaning of
section 17(1); and
( b )   such   allowance   or
benefit is specifically
granted to meet ex -
penses   wholly,   nec -
essarily   and   exclu -
sively incurred in the
performance   of   the
duties of an office or
employment of profit,
as may be prescribed.

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SOURCE PDF PAGE 604
Sl.
No.
Income not to be
included in total
income
Eligible persons   Conditions
A   B   C   D
13.   Any allowance.   Any assessee.   ( a )   Such   allowance   is
granted to the asses -
see,—
( i )   to meet his per -
sonal expenses at
the place where
the duties of his
office or place of
employment   of
profit are ordi -
narily performed
by him or at the
place where he
ordinarily   re -
sides; or
( ii )   to   compensate
him for the in -
creased cost of
living,
to the extent as may be
prescribed; and
( b )   any allowance to remu -
nerate or compensate
for performing duties
of   a   special   nature
relating to office or
employment shall not
be excluded from total
income   unless   such
allowance is related to
the place of his posting
or residence.
14.   Pension received.   An individual who has
been in the service of
the   Central   Govern -
ment   or   State   Gov -
ernment and has been
awarded   “ Param   Vir
Chakra ” or “ Maha Vir
Chakra ” or “ Vir Chakra ”
or such other gallantry
Nil .

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SOURCE PDF PAGE 605
Sl.
No.
Income not to be
included in total
income
Eligible persons   Conditions
A   B   C   D
award as the Central
Government may, by
notification, specify in
this behalf.
15.   Family pension re -
ceived.
Any   member   of   the
family of an individual
referred against serial
number 14.
Nil.
16.   Family pension re -
ceived.
Widow or children or
nominated heirs of a
member of the armed
forces (including para -
military forces) of the
Union.
The death of such member
has occurred in the course
of operational duties in such
circumstances and subject to
such conditions, as may be
prescribed.
17.   Any income inclu -
dible in the total in -
come under section
99(1)( c ).
In case of an individ -
ual referred to in that
sub-section.
Exclusion of such income
from the total income is to
the extent such income does
not exceed   `   1,500 in respect
of each minor child whose
income is so includible.
18.   Any income charge -
able under the head
“Capital gains” aris -
ing from the transfer
of agricultural land.
An individual or a Hin -
du undivided family.
( a )   Such land is situated in
any area referred to in
section 2( 22 )( iii );
( b )   such land, during the
period   of   two   years
immediately preced -
ing the date of transfer,
was being used for ag -
ricultural purposes by
such Hindu undivided
family or individual or
a parent of his;
( c )   such transfer is by way
of compulsory acqui -
sition under any law,
or a transfer, the con -
sideration for which
is determined or ap -
proved by the Central
Government   or   the
Reserve Bank of India;
and