Income-tax Act, 1961Section 10(32)
- Up to ₹1,500 per minor child exempt where income is clubbed with the parent
Applies to FY 2025-26 (AY 2026-27) and earlier years.
IT Act 1961 → 2025 / Section 10(32)
ExemptionsSection 10(32) → Schedule III
₹1,500 exemption for a minor child's clubbed income
Section 10(32) of the old Income-tax Act, 1961 · new Schedule III under the Income-tax Act, 2025
New reference Schedule III, Table Sl. No. 17
Income-tax Act, 2025Schedule III, Table Sl. No. 17
- Same, Schedule III, Table Sl. No. 17
Applies from tax year 2026-27 (from 1 April 2026).
What changed
Moved into Schedule III; limit unchanged.
Practice notes
- Clubbing itself is section 99.
Frequently asked
Is minor child's income exempt up to ₹1,500 under the new Income Tax Act 2025?
Yes, Schedule III, Table Sl. No. 17, per minor child whose income is clubbed.
What is section 10(32) called in the new Income-tax Act, 2025?
Section 10(32) of the Income-tax Act, 1961 corresponds to Schedule III, Table Sl. No. 17 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
What changed in section 10(32) under the new Income Tax Act?
Moved into Schedule III; limit unchanged.
Is section 10(32) still applicable for FY 2025-26?
Yes. Income of FY 2025-26 (AY 2026-27) and earlier years is governed by section 10(32) of the 1961 Act. Schedule III, Table Sl. No. 17 of the 2025 Act applies from tax year 2026-27.