New Provision
Section 11, IT Act 2025
Replaces (IT Act 1961)
New provision
Chapter
Chapter III — Incomes Not Forming Part of Total Income
Effective From
1 April 2026
Statutory Text — Section 11
n computing the total income of any person for a tax year under this Act, any income enumerated in Schedules II, III, IV V and VI shall not be included, subject to fulfilment of conditions specified therein. (2) Wherever the conditions referred to in the Schedules referred in sub-section (1) are not satisfied in any tax year in respect of any income enumerated in the said Schedules, such income shall be charged to tax under this Act on the total income for that tax year. (3) The persons enumerated in Schedule VII shall, subject to fulfilment of the conditions specified therein, not be chargeable to tax under this Act on the total income for a tax year. (4) Wherever the conditions referred to in Schedule VII are not satisfied in respect of the persons enumerated in the said Schedule in any tax year, the income of such person shall be charged to tax under the provisions of this Act for that tax year. (5) The Central Government may make rules or issue notifications for the purposes of this section as specified in Schedules II, III, IV, V, VI and VII. B. —Incomes not to be included in total income of political parties and electoral trusts Incomes not included in total income of political parties and electoral trusts. 12. (1) I
Shahi & Co. — Our Understanding
This section falls under Chapter III which lists incomes that are specifically exempt from income tax — the equivalent of Section 10 of the old Income Tax Act, 1961.
Practical Note: Exempt incomes do not form part of total income for tax computation. However, they may still need to be disclosed in the ITR. Always verify eligibility conditions before claiming an exemption.
Shahi & Co., Chartered Accountants
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Disclaimer: This is a reproduction of Section 11 of the Income Tax Act, 2025 (No. 30 of 2025) as published in the Official Gazette of India (CG-DL-E-22082025-265620) for informational and reference purposes only. Shahi & Co., Chartered Accountants makes no warranty as to completeness or accuracy. For the official authenticated text refer to
egazette.gov.in or
incometaxindia.gov.in. This does not constitute legal or tax advice.