Exemptions under section 10 of the Income Tax Act | Income Tax Section 10 of the I,.T Act, 1961 described tax benefits to a salaried person. This section is displayed on income that falls under the exemption category and is not included in the total income for the year. Therefore, In this article, you will learn about the different items, subcategories, and exemptions of Section 10. Basic exemptions under Section 10 of the Income Tax Act Free Amounts Let’s take a look at each of them now. 1. Section 10(5): Tax exemption on travel grant…
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