Tax on Income of Various Institutions

Income of Central Electricity Regulatory Commission [Section 10(23BBG)]
Income of Central Electricity Regulatory Commission is exempt from tax from the assessment
year 2008-09.

Income of the Prasar Bharati [Section 10(23BBH)]
Any income of the Prasar Bharati (Broadcasting Corporation of India) established under section 3(1) of the Prasar Bharati (Broadcasting Corporation of India) Act, 1990 is exempt from tax.

Income of certain national funds [Section 10(23C)(i)/(ii)/(iii)]
Any income received by any person on behalf of the Prime Minister’s National Relief Fund or
the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES
FUND), the Prime Minister’s Fund (Promotion of Folk Art) or the Prime Minister’s Aid to
Students Fund is exempt from tax under clause (i), (ii) and (iii) of section 10(23C) respectively.

Income of National Foundation for Communal Harmony [Section 10(23C)(iiia)]
Any income of National Foundation for Communal Harmony is exempt from tax under section
10(23C)(iiia).

Income of Swachh Bharat Kosh [Section 10(23C)(iiiaa)]
Income of the Swachh Bharat Kosh, set up by the Central Government is exempt under section
10(23C)(iiiaa).

Income of Clear Ganga Fund [Section 10(23C)(iiiaaa)]
Income of the Clear Ganga Fund, set up by the Central Government is exempt under section
10(23C)(iiiaaa).

Income of Chief Minister’s Relief Fund or Lieutenant Governor’s Relief Fund [Section
10(23C)(iiiaaaa)]
As per section 10(23C)(iiiaaaa) (as inserted by the Finance Act, 2017 with retrospective effect
from the assessment year 1998-99), income of the Chief Minister’s Relief Fund or the Lieutenant Governor’s Relief Fund in respect of any state or union territory is exempt from tax.