Income which are exempt from tax

The following types of incomes are tax exempt:

Agricultural income
Amount received as share of income from the HUF
Amount received as share of profits from the firm
Amount received as interest or premium on redemption on specified bonds or securities
Leave travel concession from employer/former employer
Remuneration amount received for being an employee in a foreign enterprise for services rendered by him during his stay in India
Tax paid on income (does not include Salary, Royalty, and Technical fees) by Central Govt. or by an Indian Concern to the Central Govt.
Royalty or fees for technical services
Gratuity and Commuted pension
Leave encashment
Retrenchment Compensation
Compensation for voluntary retirement [V.R.S]
Tax on non-monetary perquisites paid by the employer
Payments received from a provident fund
Accumulated balance in a recognized provident fund
House rent allowance
Prescribed allowances
Interest, premium on redemption and other payments on securities, bonds, annuity certificates, saving certificates and notified deposits
Scholarships
Awards received in cash or kind
Pension/ Family Pension