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Schedule III — INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE PERSONS: its source in the Income-tax Act, 1961
Schedule III (INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE PERSONS) of the Income-tax Act, 2025 corresponds to Section 10 (Incomes not included in total income) of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 10 — Incomes not included in total income
clause-by-clause (official)
| ITA 2025 | provision | from ITA 1961 |
|---|---|---|
| Schedule III(1) | Any sum received by a member from Hindu undivided family | 10(2) |
| Schedule III(2) | Any sum received by a partner towards his share in the total income of the firm | 10(2A) |
| Schedule III(3) | Any amount received or receivable from the Central Government or a State Government or a local authority by way of compensation on account of any disaster | 10(10BC) |
| Schedule III(4) | Any payment from the National Pension System Trust under the pension scheme referred to in section 124 | 10(12B), 10(12BA) |
| Schedule III(5) | Daily allowance received by MPs/MLAs | 10(17)(i) |
| Schedule III(6) | Any constituency allowance received by MPs | 10(17)(ii) |
| Schedule III(7) | Any constituency allowance received MLAs | 10(17)(iii) |
| Schedule III(8) | The value of any travel concession or assistance | 10(5) |
| Schedule III(9) | Any allowances or perquisites paid or allowed as such outside India by the Government | 10(7) |
| Schedule III(10) | Income in the nature of a perquisite | 10(10CC) |
| Schedule III(11) | Any special allowance from employer | 10(13A) |
| Schedule III(12) | Any special allowance or benefit to the extent to which such expenses are actually incurred for that purpose | 10(14)(i) |
| Schedule III(13) | Any allowance to employee | 10(14)(ii) |
| Schedule III(14) | Pension received by gallantry award winner | 10(18)(i) |
| Schedule III(15) | Pension received by family of gallantry award winner | 10(18)(ii) |
| Schedule III(16) | Family pension received by widow of member of armed forces | 10(19) |
| Schedule III(17) | Any income includible in the total income under section 99(1)(c): Clubbing of income | 10(32) |
| Schedule III(18) | Any income chargeable under the head “Capital gains” arising from the transfer of agricultural land | 10(37) |
| Schedule III(19) | Scheduled Tribe: Any income which accrues or arises— - (a) from any source in the areas or States mentioned in column (C), or - (b) by way of dividend or interest on securities | 10(26) |
| Schedule III(20) | Sikkimese individual: Any income which accrues or arises— - (a) from any source in the State of Sikkim; or - (b) by way of dividend or interest on securities | 10(26AAA) |
| Schedule III(21) | Tea Board: The amount of any subsidy received from or through the concerned Board under a scheme | 10(30), 10(31) |
| Schedule III(22) | Local Authority: The income which is chargeable under the head “Income from house property”, “Capital gains” or “Income from other sources” or from a trade or business | 10(20) |
| Schedule III(23) | Any income of a research association | 10(21) |
| Schedule III(24) | Professional Association: Any income (other than income chargeable under the head “Income from house property” or any income received for rendering any specific services or income by way of interest or dividends derived from its investments) | 10(23A) |
| Schedule III(25) | Any income attributable to the business of production, sale, or marketing, of - khadi or products of - village industries | 10(23B) |
| Schedule III(26) | Any income from the activity of securitisation | 10(23DA) |
| Schedule III(27) | Any income, by way of contributions received from recognised stock exchanges and the members thereof : Investor Protection Fund | 10(23EA) |
| Schedule III(28) | Any income, by way of contributions received from commodity exchanges and the members thereof : - Investor Protection Fund | 10(23EC) |
| Schedule III(29) | Any income, by way of contributions received from a depository : Investor Protection Fund Core Settlement Guarantee Fund | 10(23ED) |
| Schedule III(30) | (a) Any income by way of contribution received from specified persons; - (b) Any income by way of penalties imposed by the recognised clearing corporation and credited to the Core Settlement Guarantee Fund; or - (c) Any income from investment made by the Fund | 10(23EE) |
| Schedule III(31) | Any income chargeable under the heads “Income from house property” and “Income from other sources” : Trade Union | 10(24) |
| Schedule III(32) | Any interest on securities, and any capital gains of the fund arising from the sale, exchange or transfer of such securities: Provident Funds | 10(25)(i) |
| Schedule III(33) | Any income of the nature and to the extent, arising from the international sporting event held in India | 10(39) |
| Schedule III(34) | Body or authority established under treaty or agreement with Government: Any income, of the nature and to the extent, which the Central Government may notify in this behalf | 10(42) |
| Schedule III(35) | Any amount received as a loan, either in lump sum or in instalment, in a transaction of reverse mortgage referred to in section 70(1)(zh) | 10(43) |
| Schedule III(36) | Any income of the nature and to the extent which the Central Government may, by notification, specify in this behalf. | 10(46) |
| Schedule III(37) | Any income accruing or arising as a result of arrangement for replenishment of crude oil stored in its storage facility in pursuance of the directions of the Central Government in this behalf | 10(48C) |
| Schedule III(38) | Gratuity on death of employee | 10(10) |
| Schedule III(39) | Any income falling under section 10(15)(iic) or (15)(iv)(i) or (19A) or (40) of the Income-tax Act, 1961(43 of 1961), shall be subject to the conditions as provided therein | 10(15)(iic) & (iv)(i), 10(19A), 10(40) |
read both texts · §10 (1961) vs §Schedule III (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
frequently asked
Is Schedule III of the Income-tax Act, 2025 a new provision?
No — it derives from Section 10 of the Income-tax Act, 1961.
What does Schedule III of the Income-tax Act, 2025 deal with?
Schedule III — "INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE PERSONS", under SCHEDULE of the Income-tax Act, 2025.
— built by nexus
Nexus answers full tax questions the same way — a citation-grounded advisory artifact with verdict, authority chain, computation and drafting, every citation traceable to an official source.
same chapter · schedule · income-tax act, 2025
- Schedule I — Conditions for certain activities not to constitute business connection in India
- Schedule II — INCOME NOT TO BE INCLUDED IN TOTAL INCOME
- Schedule IV — INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF ELIGIBLE NON-RESIDENTS, FOREIGN COMPANIES AND OTHER SUCH PERSONS
- Schedule IX — Deduction for tea development account, coffee development account and rubber development account for computing income under the head “profits and gains of business or profession”
- Schedule V — INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS INCLUDING INVESTMENT FUNDS, BUSINESS TRUSTS AND THEIR UNIT HOLDERS
- Schedule VI — INCOME NOT TO BE INCLUDED IN TOTAL INCOME OF CERTAIN ELIGIBLE PERSONS IN INTERNATIONAL FINANCIAL SERVICES CENTRE OR HAVING INCOME THEREFROM
- Schedule VII — PERSONS EXEMPT FROM TAX
- Schedule VIII — Income not to be included in the total income of political parties and electoral trusts
frequently looked up · income-tax act, 2025
§2 · §4 · §13 · §14 · §16 · §20 · §26 · §46 · §59 · §63 · §67 · §86 · §92 · §111 · §118 · §122 · §123 · §150 · §170 · §179 · §185 · §202 · §203 · §206 · §211 · §228 · §253 · §263 · §268 · §270 · §279 · §287 · §289 · §294 · §303 · §313 · §316 · §319 · §334 · §349 · §351 · §353 · §393 · §397 · §398 · §401 · §405 · §410 · §412 · §413 · §423 · §427 · §464 · §475 · §489 · §499 · §500 · §536