Queries on Exempt income u/s 10

POSTED BY jibi ON December 17, 2013 1:38 pm COMMENTS (3)

Hi all,

I have 2 queries about exempt income while filing ITR as follows.

1. For a salaried individual what are all income comes u/s 10 exempt income ?. Is there any exempt income other than u/s 10.
2. What is the implication if some one forgets to include or show some of this exempt income while filing return?

Thanks in advance,


3 replies on this article “Queries on Exempt income u/s 10”

  1. ashalanshu says:

    Dear Gbanari, PPF interest is not required to report in ITR and same for point 2 and 3.

    For point 4, it’s advisable to report the same as exempted income.



  2. ashalanshu says:

    Dear Gbanari, various allowances like washing, magzine, travelling, telephone etc. comes udner section 10. Maturity proceeds from insurance policies are also under section 10. Why are you interested in exempted income?

    One should file the revised ITR for rectification of data.



    1. gbanari says:

      Dear Ashal, Thanks for your interest & reply. I wanted to know if all types of exempt income come u/s10 or are there any other sections for the same. I am particularly interested in knowing if the following are to be treated as exempt income and are to be reported in ITR or not. If fail to report for whatever reason, then what is the implication?
      1. PPF interest
      2. Advance received from PPF
      3. Part withdrawal from PF/PPF for meeting some expenditure
      4. Financial gift received from relative

      Thanks in advance,

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