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Income Tax Exemption under Section 10(30) of Income Tax Act, 1961


Eligible Assessee

Any assessee engaged in growing and manufacturing tea in India


Nature of Income

Subsidy received from Tea Board.




Amount Exempt

Entire amount so received


Conditions laid down for Tax Exemption

  1. Subsidy is received for re-plantation or replacement of tea bushes or for rejuvenation or consolidation of area used for cultivation of tea under scheme notified by government.

  2. The assessee shall furnish certificate of subsidy so received to the income tax officer along with return of income.

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