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Section
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Income
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Exemption Allowed
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10(15)(i)
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Interest, premium on redemption, or other payment on notified securities, bonds, certificates, and deposits, etc. (subject to notified conditions and limits)
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All assesses
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10(15)(iib)
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Interest on notified Capital Investment Bonds notified prior to 1-6-2002
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Individual/HUF
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10(15)(iic)
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Interest on notified Relief Bonds
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Individual/HUF
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10(15)(iid)
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Interest on notified bonds (notified prior to 1-6-2002) purchased in foreign exchange (subject to certain conditions)
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Individual - NRI/ nominee or survivor of NRI / individual to whom bonds have been gifted by NRI
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10(15)(iii)
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Interest on securities
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Issue Department of Central Bank of Ceylon
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10(15)(iiia)
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Interest on deposits made with scheduled bank with approval of RBI
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Bank incorporated
Abroad
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10(15)(iiib)
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Interest payable to Nordic Investment Bank
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Nordic Investment Bank
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10(15)(iiic)
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10(15)(iiic) Interest payable to the European Investment Bank on loan granted by it in pursuance of framework agreement dated 25-11-1993 for financial corporation between Central Government and that bank
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European Investment bank
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10(15)(iv)(a)
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Interest received from Government or from local authority on moneys lent to it before 1-6-2001 or debts owed by it before 1-6-2001, from sources outside India
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All assessees who have lent money, etc., from sources outside India
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10(15)(iv)(b)
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Interest received from industrial undertaking in India on moneys lent to it under a loan agreement entered into before 1-6-2001
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Approved foreign financial institution
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10(15)(iv)(c)
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Interest at approved rate received from Indian industrial undertaking on moneys lent or debt incurred before 1-6-2001 in a foreign country in respect of purchase outside India of raw materials, components or capital plant and machinery, subject to certain limits and conditions
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All assessees who have lent such money, or in favour of whom such debt has been incurred
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10(15)(iv)(d)
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Interest received at approved rate from specified financial institutions in India on moneys lent from sources outside India before 1-6-2001
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All assessees who have lent such moneys
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10(15)(iv)(e)
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Interest received at approved rate from other Indian financial institutions or banks on moneys lent for specified purposes from sources outside India before 1-6-2001 under approved loan agreement
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All assessees who have lent such moneys
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10(15)(iv)(f)
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Interest received at approved rate from Indian industrial undertaking on moneys lent in foreign currency from sources outside India under loan agreement approved before 1-6-2001
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All assessees who have lent such moneys
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10(15)(iv)(fa)
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Interest payable by scheduled bank, on deposits in foreign currency when acceptance of such deposits by bank is approved by RBI
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Non-resident or individual/HUF who is not ordinarily resident in India
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10(15)( iv)(g)
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Interest received at approved rate, from Indian public companies eligible for deduction under section 36(1)(viii) and formed with main object of providing long-term housing finance, on moneys lent in foreign currency from sources outside India under loan agreement approved before 1-6-2003
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All assessees who have lent such moneys
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10(15)( iv)(h)
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Interest received from any public sector company in respect of notified bonds or debentures and subject to certain conditions
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All assesses
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10(15)( iv)(i)
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Interest received from Government on deposits in notified scheme out of moneys due on account of retirement
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Individual –Employee of Central Government/ State Government/Public sector company
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10(15)(v)
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Interest on securities held in Reserve Bank’s SGL A/c No. SL/DH-048 and Deposits made after 31-3-1994 for benefit of victims of Bhopal Gas Leak Disaster held in such account with RBI or with notified public sector bank
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Welfare Commissioner, Bhopal Gas Victims, Bhopal
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10(15)(vi)
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Interest on Gold Deposit Bonds issued under the Gold Deposit Scheme, 1999 or deposit certificates issued under the Gold Monetisation Scheme, 2015
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All assessees
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10(15)(vii)
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10(15)(vii) Interest on notified bonds issued by a local authority/State Pooled Finance Entity
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All assesses
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| 10(15)(viii) |
Interest on deposit made on or after 1-4-2005 in an Offshore Banking Unit referred to in section 2(u) of the Special Economic Zones Act, 2005 |
Non-resident or person who is not ordinarily resident
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