Taxes Income Taxes

Incomes which are chargeable under the head “Income from Other Sources” but exempt from tax u/s 10(15)

Incomes which are chargeable under the head “Income from Other Sources” but exempt from tax u/s 10(15)
    1. 12 year National Saving Annuity Certificate
    2. Treasury Savings Deposit Certificates
    3. Post Office cash certificates
    4. National Plan Certificates
    5. National Plan Saving Certificates
    6. Post Office National Saving Certificates
    7. Post Office Savings Bank Account
    8. Post Office Cumulative Time Deposits
    9. Scheme of Fixed Deposits governed by the Government Savings Certificates (Fixed Deposits) Rules 1968
    10. Scheme of Fixed Deposits governed by the Post Office (Fixed Deposits) Rules 1968
    11. NRI Bonds-1988 issued by state Bank of India
    12. NRI Bonds (second series) issued by state Bank of India
    13. 10.5% Tax free Bonds issued by HUDCO
    14. 9.25% Tax free Bonds issued by Rural Electrification Corporation Ltd.
    15. 10.5% Secured, redeemable, non-convertible tax free bonds issued by National Hydroelectric Power Corporation Ltd.
    16. Interest payable by a public company registered in India with the main object of providing long-term finance for purchase or construction of residential houses and eligible for deduction u/s 36(1)(viii)
    17. Interest on Gold Deposit Bonds issued under the Gold Deposit Scheme 1999 notified by the Central Government.
    18. Tax free Ahmedabad Municipal Corporation Bonds and Nagpur Municipal Corporation Bonds
    19. Interest on Bonds issued by a Local Authority or a State pooled finance entity notified by Central Government.
    20. Interest payable to the European Investment Bank, on a loan granted by it in pursuance of the framework agreement for financial co-operation entered onto with the Central Government.
    21. 8% Tax free Bonds of India Infrastructure Finance Company limited.
    22. Secured redeemable non-convertible Railway Finance Corporation.
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