Income-tax Act, 2025

Schedules I-XVI

Complete professional navigation to all sixteen Schedules, connected Rules 274-333, forms, notifications, old-law bridges, applied examples and evidence controls.

16 SchedulesRules 274-333Notification gatewaysEntry-level evidence controls

Master schedule matrix

Schedule	Official heading	Act link	Core purpose	Procedure layer
I	Conditions for Certain Activities Not to Constitute Business Connection in India	section 9(12)	Eligible investment fund / fund manager safe-harbour conditions, statements and continuing tests.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
II	Income Not to be Included in Total Income	section 11	Itemised exemptions for receipts, savings products, NPS/UPS, awards, capital gains and notified instruments.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
III	Income Not to be Included in Total Income of Eligible Persons	section 11	Person-specific exemption table, conditions, notification dependencies and withdrawal consequences.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
IV	Income Not to be Included in Total Income of Eligible Non-Residents, Foreign Companies and Other Such Persons	section 11	Cross-border exemptions, specified securities, leases, royalties, funds and notified conditions.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
V	Income Not to be Included in Total Income of Certain Eligible Persons Including Investment Funds, Business Trusts and Their Unit Holders	section 11	Pass-through and fund/trust exemptions with entity, income and distribution conditions.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
VI	Income Not to be Included in Total Income of Certain Eligible Persons in International Financial Services Centre or Having Income Therefrom	section 11	IFSC-focused exemptions, unit conditions, specified income and sunset/notification controls.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
VII	Persons Exempt from Tax	section 11	Institutional and sovereign exemptions, notified bodies, funds and conditional person-level relief.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
VIII	Income Not to be Included in the Total Income of Political Parties and Electoral Trusts	section 12	Books, audit, donation and filing conditions for political parties and electoral trusts.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
IX	Deduction for Tea Development Account, Coffee Development Account and Rubber Development Account	section 48	Deposit-linked business deduction, approved schemes, withdrawal and deemed-income rules.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
X	Deduction for Site Restoration Fund	section 49	Site-restoration deposit deduction for petroleum/natural-gas businesses and withdrawal consequences.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
XI	Recognised Provident Funds, Approved Superannuation Funds and Approved Gratuity Funds	section 2(91) and connected provisions	Recognition/approval, contributions, accumulated balance, taxation and administrative conditions across Parts A-C.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
XII	Minerals	section 51	Specified minerals and connected expenditure/deduction classification.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
XIII	List of Articles or Things	section 45(2)	Negative/qualifying list used for business deduction and investment-linked tests.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
XIV	Insurance Business	section 55	Special computation for life and other insurance business, actuarial surplus and reserves.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
XV	Deduction in Respect of Life Insurance Premia, Contribution to Provident Fund, Subscription to Certain Equity Shares, etc.	section 123	Eligible investments/payments, limits, lock-ins, reversal rules and proof requirements.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.
XVI	Permitted Modes of Investment or Deposits	section 350	Permitted investments for registered non-profit organisations and breach monitoring.	Rules 274-333; exact connected rule/form and notification gateway to be checked in the package map.

Table discipline: A Schedule entry is applied row-by-row and column-by-column. Notes and definitions are part of the law. A notified person, security, scheme, fund, IFSC unit or instrument must be verified in the live Gazette.

Schedule I

Conditions for Certain Activities Not to Constitute Business Connection in India

See section 9(12)

Purpose

Eligible investment fund / fund manager safe-harbour conditions, statements and continuing tests.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule I. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule I to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule II

Income Not to be Included in Total Income

See section 11

Purpose

Itemised exemptions for receipts, savings products, NPS/UPS, awards, capital gains and notified instruments.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule II. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule II to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule III

Income Not to be Included in Total Income of Eligible Persons

See section 11

Purpose

Person-specific exemption table, conditions, notification dependencies and withdrawal consequences.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule III. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule III to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule IV

Income Not to be Included in Total Income of Eligible Non-Residents, Foreign Companies and Other Such Persons

See section 11

Purpose

Cross-border exemptions, specified securities, leases, royalties, funds and notified conditions.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule IV. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule IV to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule V

Income Not to be Included in Total Income of Certain Eligible Persons Including Investment Funds, Business Trusts and Their Unit Holders

See section 11

Purpose

Pass-through and fund/trust exemptions with entity, income and distribution conditions.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule V. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule V to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule VI

Income Not to be Included in Total Income of Certain Eligible Persons in International Financial Services Centre or Having Income Therefrom

See section 11

Purpose

IFSC-focused exemptions, unit conditions, specified income and sunset/notification controls.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule VI. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule VI to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule VII

Persons Exempt from Tax

See section 11

Purpose

Institutional and sovereign exemptions, notified bodies, funds and conditional person-level relief.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule VII. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule VII to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule VIII

Income Not to be Included in the Total Income of Political Parties and Electoral Trusts

See section 12

Purpose

Books, audit, donation and filing conditions for political parties and electoral trusts.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule VIII. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule VIII to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule IX

Deduction for Tea Development Account, Coffee Development Account and Rubber Development Account

See section 48

Purpose

Deposit-linked business deduction, approved schemes, withdrawal and deemed-income rules.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule IX. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule IX to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule X

Deduction for Site Restoration Fund

See section 49

Purpose

Site-restoration deposit deduction for petroleum/natural-gas businesses and withdrawal consequences.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule X. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule X to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule XI

Recognised Provident Funds, Approved Superannuation Funds and Approved Gratuity Funds

See section 2(91) and connected provisions

Purpose

Recognition/approval, contributions, accumulated balance, taxation and administrative conditions across Parts A-C.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule XI. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule XI to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule XII

Minerals

See section 51

Purpose

Specified minerals and connected expenditure/deduction classification.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule XII. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule XII to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule XIII

List of Articles or Things

See section 45(2)

Purpose

Negative/qualifying list used for business deduction and investment-linked tests.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule XIII. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule XIII to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule XIV

Insurance Business

See section 55

Purpose

Special computation for life and other insurance business, actuarial surplus and reserves.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule XIV. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule XIV to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule XV

Deduction in Respect of Life Insurance Premia, Contribution to Provident Fund, Subscription to Certain Equity Shares, etc.

See section 123

Purpose

Eligible investments/payments, limits, lock-ins, reversal rules and proof requirements.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule XV. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule XV to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Schedule XVI

Permitted Modes of Investment or Deposits

See section 350

Purpose

Permitted investments for registered non-profit organisations and breach monitoring.

Application control

Identify eligible person/income/instrument, entry number, quantitative limit, time condition, notification dependence, evidence and breach consequence. Apply every note and explanation.

Practical example: A taxpayer claims an item under Schedule XVI. The file cites the exact table entry, proves each condition, confirms the notified instrument/person where required and records any reversal or deemed-income consequence.

Source control: Schedule XVI to the Income-tax Act, 2025. Use complete official table, notes, explanations and Finance Act 2026 footnotes.

Rules 274-333 and Forms

The package includes an individual rule-number index for Rules 274-333 and the connected form-control map. Exact notified wording, amendments, corrigenda and live electronic schemas control.

Rules 274-299

Schedules I-X procedures, exemption/fund conditions and deposit-linked deductions.

Rules 300-322

Schedule XI recognition, approval, accounts, statements and fund administration.

Rules 323-333

Minerals, articles/things, insurance reserves, deduction, permitted-investment approvals and electronic procedural controls.

Schedule Q&A

What is the first test under Schedule I?

Locate the exact entry and apply all columns, conditions, notes, definitions and notification dependencies in Schedule I.

Can Schedule I be applied from a summary?