Income Exempted from Tax

Any income derived from saplings or seedlings grown in a nursery shall be deemed to be

Leave travel concession Exemption is available for 

If an employee has not availed of travel concession or assistance in respect of one or two permitted journeys in a particular block of 4 years then he is entitled to carry ………. journey to the next block.

Family will include for LTA Except ?

Any allowances or perquisites paid or allowed as such outside India by the Government to a citizen of India for rendering service outside India is.

Maximum Exemption As per section 10(1 0)(ii) in respect of gratuity in case of employees covered by the Payment of Gratuity Act 1972 will be .

Any commuted pension i.e. accumulated pension in lieu of monthly pension received by a Government employee

As per section 10(10AA) leave encashment by a Government employee during the service is.

Maximum Exemption amount as specified by the Government in leave encashment is :

Maximum exemption as per section 10(10B) for the compensation received at the time of retrenchment is.

Maximum amount of exemption  for Compensation received in accordance with the scheme of voluntary retirement/separation which is framed in accordance with guidelines prescribed under Rule 2BA of Income-tax

After 1st April 2013 the exemption is available only if the amount of premium paid on such policy in any financial year does not exceed ………. of the actual capital sum assured.

In case of an individual aged 61 years partial integration of agricultural income is not required if his –

Children Education Allowance is exempt

If the income of an individual includes any income of his/her minor child then such individual can claim exemption up to 

Any amount received by an individual through reverse mortgage referred to in section 47(xvi) is..

Compute the eligible deduction under section 80 C for A.Y. 2021-2022 in respect of life insurance policy premium paid during the PY 2020-2021. Details are : Sum Assured : 150000 Premium Paid: 20000 Per annum

Compute the eligible deduction under section 80 C for A.Y. 2021-2022 in respect of life insurance policy premium paid during the PY 2020-2021 for handicapped son ( Section 80 U Disability). Details are : Sum Assured : 200000 Premium Paid: 40000 Per annum