India - Income Tax Act 2010 - Saarc

S. 10(18) I.T. ACT, 1961 1.6880[(17) any income by way of—(i) daily allowance received by any person by reason of his membershipof Parliament or of any State Legislature or of any Committeethereof; 81 [* * *]82[(ii) any allowance received by any person by reason of his membershipof Parliament under the Members of Parliament (ConstituencyAllowance) Rules, 1986;83[(iii) any constituency allowance received by any person by reason ofhis membership of any State Legislature under any Act or rulesmade by that State Legislature;]]]84[(17A) any payment made, whether in cash or in kind,—(i) in pursuance of any award instituted in the public interest by theCentral Government or any State Government or instituted byany other body and approved 85 by the Central Government in thisbehalf; or(ii) as a reward by the Central Government or any State Governmentfor such purposes as may be approved 85 by the Central Governmentin this behalf in the public interest;]86[(18) any income by way of—(i) pension received by an individual who has been in the service ofthe Central Government or State Government and has beenawarded “Param Vir Chakra” or “Maha Vir Chakra” or “VirChakra” or such other gallantry award as the Central Governmentmay, by notification 87 in the Official Gazette, specify in thisbehalf;(ii) family pension received by any member of the family of anindividual referred to in sub-clause (i).80. Substituted by the Taxation Laws (Amendment & Miscellaneous Provisions) Act, 1986,w.e.f. 1-4-1986. Prior to its substitution, clause (17) was amended by the Finance Act, 1976,w.e.f. 1-4-1976.81. Word “and” omitted by the Finance Act, 1987, w.r.e.f. 1-4-1986.82. Substituted by the Finance Act, 1987, w.r.e.f. 1-4-1986. Earlier sub-clause (ii) was amendedby the Taxation Laws (Amendment and Miscellaneous Provisions) Act, 1986, w.e.f.1-4-1986.83. Substituted by the Finance Act, 2006, w.e.f. 1-4-2007. Prior to its substitution, sub-clause(iii), as amended by the Finance Act, 1997, w.e.f. 1-4-1998, read as under :“(iii) all other allowances not exceeding two thousand rupees per month in the aggregatereceived by any person by reason of his membership of any State Legislature or ofany Committee thereof, which the Central Government may, by notification* in theOfficial Gazette, specify in this behalf;”*For notified allowances, see Taxmann’s Master Guide to Income-tax Act.84. Substituted for clauses (17A), (17B) and (18) by the Direct Tax Laws (Amendment) Act,1987, w.e.f. 1-4-1989. Original clauses (17A) and (17B) were inserted by the Direct Taxes(Amendment) Act, 1974, w.r.e.f. 1-4-1973. Clause (17A) was later on amended by theFinance Act, 1980, w.e.f. 1-4-1980.85. For notified awards/rewards, see Taxmann’s Master Guide to Income-tax Act.86. Inserted by the Finance Act, 1999, w.e.f. 1-4-2000.87. For notified gallantry awards, see Taxmann’s Master Guide to Income-tax Act.