IT Act 1961 → 2025 / Section 10 clauses
ExemptionsHUF and partner share, LTC, MPs' allowances, gallantry pensions, local authorities, trade unions, reverse mortgage — section 10 in Schedule III
Section 10 clauses of the old Income-tax Act, 1961 · new Schedule III under the Income-tax Act, 2025
New reference Section 11 read with Schedule III (income of eligible persons)
Applies to FY 2025-26 (AY 2026-27) and earlier years.
Applies from tax year 2026-27 (from 1 April 2026).
| 1961 Act | Subject | 2025 Act |
|---|---|---|
| 10(2) | Share received from HUF by a member | Schedule III S.No. 1 |
| 10(2A) | Partner's share of firm profit | Schedule III S.No. 2 |
| 10(10BC) | Disaster compensation from Government/local authority | Schedule III S.No. 3 |
| 10(17)(i) | Daily allowance of MPs/MLAs | Schedule III S.No. 5 |
| 10(17)(ii) | Allowances of MPs under the 1954 Act | Schedule III S.No. 6 |
| 10(17)(iii) | Constituency allowance of MLAs | Schedule III S.No. 7 |
| 10(5) | Leave travel concession | Schedule III S.No. 8 |
| 10(7) | Allowances/perquisites paid abroad by Government to citizens | Schedule III S.No. 9 |
| 10(10CC) | Tax on non-monetary perquisites paid by employer | Schedule III S.No. 10 |
| 10(18)(i) | Pension of gallantry award winners | Schedule III S.No. 14 |
| 10(18)(ii) | Family pension of gallantry award winners | Schedule III S.No. 15 |
| 10(19) | Family pension of armed forces members killed in operations | Schedule III S.No. 16 |
| 10(26) | Income of Scheduled Tribe members in specified areas | Schedule III S.No. 19 |
| 10(26AAA) | Income of Sikkimese individuals | Schedule III S.No. 20 |
| 10(30)/10(31) | Tea/rubber/coffee/cardamom replantation subsidy | Schedule III S.No. 21 |
| 10(20) | Income of a local authority | Schedule III S.No. 22 |
| 10(21) | Income of approved research associations | Schedule III S.No. 23 |
| 10(23A) | Professional associations (notified) | Schedule III S.No. 24 |
| 10(23B) | Khadi and village industries institutions | Schedule III S.No. 25 |
| 10(23DA) | Securitisation trust income | Schedule III S.No. 26 |
| 10(23EA) | Investor protection fund — stock exchanges | Schedule III S.No. 27 |
| 10(23EC) | Investor protection fund — commodity exchanges | Schedule III S.No. 28 |
| 10(23ED) | Investor protection fund — depositories | Schedule III S.No. 29 |
| 10(23EE) | Core Settlement Guarantee Fund | Schedule III S.No. 30 |
| 10(24) | Registered trade unions | Schedule III S.No. 31 |
| 10(25)(i) | Interest and gains of statutory provident funds | Schedule III S.No. 32 |
| 10(39) | International sporting events (notified) | Schedule III S.No. 33 |
| 10(42) | Notified bodies under international agreements | Schedule III S.No. 34 |
| 10(43) | Reverse mortgage loan | Schedule III S.No. 35 |
| 10(46) | Notified statutory bodies/authorities | Schedule III S.No. 36 |
| 10(48C) | Strategic Petroleum Reserves crude oil arrangement | Schedule III S.No. 37 |
| 10(19A) | Annual value of a palace of a former ruler | Schedule III S.No. 39 (CBDT: S.No. 38) |
| 10(40) | Grants to subsidiaries from holding companies (power sector) | Schedule III S.No. 39 (CBDT: S.No. 38) |
Source: CBDT mapping of sections, Income-tax Act 1961 to Income-tax Act 2025.
Renumbered into Schedule III. The CBDT table maps 10(19A) and 10(40) to S.No. 38; in the Act they are in S.No. 39 (S.No. 38 is gratuity to an employee's widow/dependants). Finance Act 2026 inserted S.No. 38A–38D (disability pension, MACT compensation interest, land acquisition compensation, AP land pooling).
Yes. Schedule III, S.No. 2 of the Income-tax Act, 2025 continues the old section 10(2A) exemption for a partner of a separately assessed firm.
Leave travel concession is Schedule III, S.No. 8 read with section 11 of the Income-tax Act, 2025.
Section 10(2) of the Income-tax Act, 1961 (Share received from HUF by a member) corresponds to section Schedule III S.No. 1 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(2A) of the Income-tax Act, 1961 (Partner's share of firm profit) corresponds to section Schedule III S.No. 2 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(10BC) of the Income-tax Act, 1961 (Disaster compensation from Government/local authority) corresponds to section Schedule III S.No. 3 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(17)(i) of the Income-tax Act, 1961 (Daily allowance of MPs/MLAs) corresponds to section Schedule III S.No. 5 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(17)(ii) of the Income-tax Act, 1961 (Allowances of MPs under the 1954 Act) corresponds to section Schedule III S.No. 6 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Section 10(17)(iii) of the Income-tax Act, 1961 (Constituency allowance of MLAs) corresponds to section Schedule III S.No. 7 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
Renumbered into Schedule III. The CBDT table maps 10(19A) and 10(40) to S.No. 38; in the Act they are in S.No. 39 (S.No. 38 is gratuity to an employee's widow/dependants). Finance Act 2026 inserted S.No. 38A–38D (disability pension, MACT compensation interest, land acquisition compensation, AP land pooling).