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Schedule VII — PERSONS EXEMPT FROM TAX: its source in the Income-tax Act, 1961
Schedule VII (PERSONS EXEMPT FROM TAX) 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 VII(1) | Any regimental Fund or non-public Fund established by the armed forces of the Union | 10(23AA) |
| Schedule VII(2) | Any fund established for such purposes as may be notified by the Board for the welfare of employees or their dependants and such employees are members of such fund | 10(23AAA) |
| Schedule VII(3) | Any fund, by whatever name called, set up by the Life Insurance Corporation of India on or after the 1st August, 1996 or any other insurer under a pension scheme | 10(23AAB) |
| Schedule VII(4) | An authority (whether known as the Khadi and Village Industries Board or by any other name) | 10(23BB) |
| Schedule VII(5) | Any body or authority (whether or not a body corporate or corporation sole) established, constituted or appointed by or under any Central Act or State Act or Provincial Act for administration of public charitable trust | 10(23BBA) |
| Schedule VII(6) | SAARC Fund for Regional Projects set up by Colombo Declaration issued on the 21st December, 1991 by the Heads of State or Government of the Member Countries of South Asian Association for Regional - Cooperation established on the 8th day of December, 1985 by the Charter of the South Asian Association for Regional Cooperation | 10(23BBC) |
| Schedule VII(7) | Insurance Regulatory and Development Authority established under section 3(1) of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) | 10(23BBE) |
| Schedule VII(8) | Central Electricity Regulatory Commission constituted under section 76(1) of the Electricity Act, 2003 (36 of 2003) | 10(23BBG) |
| Schedule VII(9) | Prasar Bharati (Broadcasting Corporation of India) established section 3(1) of the Prasar Bharati (Broadcasting Corporation of India) Act, 1990 (25 of 1990) | 10(23BBH) |
| Schedule VII(10) | Prime Minister’s National Relief Fund or the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND) | 10(23C)(i) |
| Schedule VII(11) | Prime Minister’s Fund (Promotion of Folk Art) | 10(23C)(ii) |
| Schedule VII(12) | Prime Minister’s Aid to Students Fund | 10(23C)(iii) |
| Schedule VII(13) | National Foundation for Communal Harmony | 10(23C)(iiia) |
| Schedule VII(14) | Swachh Bharat Kosh, set up by the Central Government | 10(23C)(iiiaa) |
| Schedule VII(15) | Clean Ganga Fund set up by the Central Government | 10(23C)(iiiaaa) |
| Schedule VII(16) | Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund in respect of any State or Union territory as referred to in section 133(1)(a)(xv) | 10(23C)(iiiaaaa) |
| Schedule VII(17) | Any University or other educational institution wholly or substantially financed by the Government | 10(23C)(iiiab) |
| Schedule VII(18) | Any hospital or other institution wholly or substantially financed by the Government | 10(23C)(iiiac) |
| Schedule VII(19) | (a) Any University or other educational institution; - (b) Any hospital or other institution | 10(23C)(iiiad), 10(23C)(iiiae) |
| Schedule VII(20) | A Mutual Fund registered under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or regulations made thereunder | 10(23D)(i) |
| Schedule VII(21) | Any Mutual Fund set up by a public sector bank or a public financial institution or authorised by the Reserve Bank of India | 10(23D)(ii) |
| Schedule VII(22) | A recognised provident fund | 10(25)(ii) |
| Schedule VII(23) | An approved superannuation fund | 10(25)(iii) |
| Schedule VII(24) | An approved gratuity fund | 10(25)(iv) |
| Schedule VII(25) | Deposit-linked Insurance Fund established under Section 3G of the Coal Mines Provident Funds and Miscellaneous Provisions Act, 1948 (46 of 1948) | 10(25)(v)(a) |
| Schedule VII(26) | Deposit-linked Insurance Fund established under Section 6C of Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952) | 10(25)(v)(b) |
| Schedule VII(27) | Employees’ State Insurance Fund set up under the provisions of the Employees’ State Insurance Act, 1948 (34 of 1948) | 10(25A) |
| Schedule VII(28) | An agricultural produce market committee or board constituted under any law | 10(26AAB) |
| Schedule VII(29) | A corporation established by a Central Act or State Act or Provincial Act or of any other body, institution or association (being a body, institution or association wholly financed by the Government) : Promotion of interest of scheduled caste | 10(26B) |
| Schedule VII(30) | A corporation established by the Central Government or any State Government for promoting the interests of the members of a minority community | 10(26BB) |
| Schedule VII(31) | Any corporation established by a Central Act or State Act or Provincial Act for the welfare and economic upliftment of ex-servicemen being the citizens of India | 10(26BBB) |
| Schedule VII(32) | Any co-operative society formed for promoting the interests of the members of either the Scheduled Castes or Scheduled Tribes, or both | 10(27) |
| Schedule VII(33) | Coffee Board constituted under section 4 of the Coffee Act, 1942 (7 of 1942) | 10(29A)(a) |
| Schedule VII(34) | Rubber Board constituted under section 4(1) of the Rubber Board Act, 1947 (24 of 1947) | 10(29A)(b) |
| Schedule VII(35) | Tea Board established under section 4 of the Tea Act, 1953 (29 of 1953) | 10(29A)(c) |
| Schedule VII(36) | Tobacco Board constituted under the Tobacco Board Act, 1975 (4 of 1975) | 10(29A)(d) |
| Schedule VII(37) | Marine Products Export Development Authority established under section 4 of the Marine Products Export Development Authority Act, 1972 (13 of 1972) | 10(29A)(e) |
| Schedule VII(38) | Agricultural and Processed Food Products Export Development Authority established under section 4 of the Agricultural and Processed Food Products Export Development Act, 1985 (2 of 1986) | 10(29A)(f) |
| Schedule VII(39) | Spices Board constituted under section 3(1) of the Spices Board Act, 1986 (10 of 1986) | 10(29A)(g) |
| Schedule VII(40) | Coir Board established under section 4 of the Coir Industry Act, 1953 (45 of 1953) | 10(29A)(h) |
| Schedule VII(41) | New Pension System Trust established on the 27th February, 2008 under the provisions of the Indian Trusts Act, 1882 (2 of 1882) | 10(44) |
| Schedule VII(42) | Any body or authority or Board or Trust or Commission, not being a company, which has been established or constituted by or under a Central Act or State Act with one or more of the following purposes, — - (a) dealing with and satisfying the need for housing accommodation; - (b) planning, development or improvement of cities, towns and villages; - (c) regulating, or regulating and developing, any activity for the benefit of the general public; or - (d) regulating any matter, for the benefit of the general public, arising out of the object for which it has been created | 10(46A) |
| Schedule VII(43) | National Credit Guarantee Trustee Company Limited, being a company established and wholly financed by the Central Government for the purposes of operating credit guarantee funds established and wholly financed by the Central Government | 10(46B)(i) |
| Schedule VII(44) | A credit guarantee fund established and wholly financed by the Central Government and managed by the National Credit Guarantee Trustee Company Limited | 10(46B)(ii) |
| Schedule VII(45) | Credit Guarantee Fund Trust for Micro and Small Enterprises, being a trust created by the Central Government and the Small Industries Development Bank of India established under section 3(1) of the Small Industries Development Bank of India Act, 1989 (39 of 1989) | 10(46B)(iii) |
| Schedule VII(46) | An infrastructure debt fund | 10(47) |
| Schedule VII(47) | An institution established for financing the infrastructure and development set up under an Act of Parliament. | 10(48D) |
| Schedule VII(48) | A developmental financing institution, licensed by the Reserve Bank of India under an Act of Parliament referred to against serial number 47. | 10(48E) |
read both texts · §10 (1961) vs §Schedule VII (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.
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