Income Tax Act, 2025
Section 9: Ins. by s. 5, ibid. (w.e.f. 12013).
9. Ins. by s. 5, ibid. (w.e.f. 12013).
76
(11) any payment from a provident fund to which the Provident Funds Act, 1925 (19 of 1925),
applies 1[or from any other provident fund set up by the Central Government and notified by it in this
behalf in the Official Gazette];
2[(11A) any payment from an account, opened in accordance with the Sukanya Samriddhi
Account Rules, 2014 made under the Government Savings Bank Act, 1873 (5 of 1873);]
(12) the accumulated balance due and becoming payable to an employee participating in a
recognised provident fund, to the extent provided in rule 8 of Part A of the Fourth Schedule ;
3[(12A) any payment from the National Pension System Trust to an 4[assessee] on closure of his
account or on his opting out of the pension scheme referred to in section 80CCD, to the extent it does
not exceed forty per cent. of the total amount payable to him at the time of such closure or his opting
out of the scheme;]
5[(12B) any payment from the National Pension System Trust to an employee under the pension
scheme referred to in section 80CCD, on partial withdrawal made out of his account in accordance with
the terms and conditions, specified under the Pension Fund Regulatory and Development AuthorityAct,
2013 (23 of 2013) and the regulations made thereunder, to the extent it does not exceed
twenty-five per cent. of the amount of contributions made by him;]
6[(13) any payment from an approved superannuation fund made—
(i) on the death of a beneficiary; or
(ii) to an employee in lieu of or in commutation of an annuity on his retirement at or after a
specified age or on his becoming incapacitated prior to such retirement; or
(iii) by way of refund of contributions on the death of a beneficiary ; or
(iv) by way of refund of contributions to an employee on his leaving the service in connection
with which the fund is established otherwise than by retirement at or after a specified age or on
his becoming incapacitated prior to such retirement, to the extent to which such payment does not
exceed the contributions made prior to the commencement of this Act and any interest
7[thereon; or]
3[(v) by way of transfer to the account of the employee under a pension scheme referred to in
section 80CCD and notified by the Central Government;]
8[(13A) any special allowance specifically granted to an assessee by his employer to meet
expenditure actually incurred on payment of rent (by whatever name called) in respect of residential
accommodation occupied by the assessee, to such extent 9*** as may be prescribed having regard to
the area or place in which such accommodation is situate and other relevant considerations.]
10[Explanation.—For the removal of doubts, it is hereby declared that nothing contained in this
clause shall apply in a case where—
(a) the residential accommodation occupied by the assessee is owned by him ; or
(b) the assessee has not actually incurred expenditure on payment of rent (by whatever name
called) in respect of the residential accommodation occupied by him;]
11[(14) (i) any such special allowance or benefit, not being in the nature of a perquisite within the
meaning of clause (2) of section 17, specifically granted to meet expenses wholly, necessarily and
any payment from a provident fund to which the Provident Funds Act, 1925 (19 of 1925),
applies 1[or from any other provident fund set up by the Central Government and notified by it in this
behalf in the Official Gazette];
2[
any payment from an account, opened in accordance with the Sukanya Samriddhi
Account Rules, 2014 made under the Government Savings Bank Act, 1873 (5 of 1873);]
the accumulated balance due and becoming payable to an employee participating in a
recognised provident fund, to the extent provided in rule 8 of Part A of the Fourth Schedule ;
3[
any payment from the National Pension System Trust to an 4[assessee] on closure of his
account or on his opting out of the pension scheme referred to in section 80CCD, to the extent it does
not exceed forty per cent. of the total amount payable to him at the time of such closure or his opting
out of the scheme;]
5[
any payment from the National Pension System Trust to an employee under the pension
scheme referred to in section 80CCD, on partial withdrawal made out of his account in accordance with
the terms and conditions, specified under the Pension Fund Regulatory and Development AuthorityAct,
2013 (23 of 2013) and the regulations made thereunder, to the extent it does not exceed
twenty-five per cent. of the amount of contributions made by him;]
6[
any payment from an approved superannuation fund made—
on the death of a beneficiary; or
to an employee in lieu of or in commutation of an annuity on his retirement at or after a
specified age or on his becoming incapacitated prior to such retirement; or
by way of refund of contributions on the death of a beneficiary ; or
by way of refund of contributions to an employee on his leaving the service in connection
with which the fund is established otherwise than by retirement at or after a specified age or on
his becoming incapacitated prior to such retirement, to the extent to which such payment does not
exceed the contributions made prior to the commencement of this Act and any interest
7[thereon; or]
3[
by way of transfer to the account of the employee under a pension scheme referred to in
section 80CCD and notified by the Central Government;]
8[
any special allowance specifically granted to an assessee by his employer to meet
expenditure actually incurred on payment of rent (by whatever name called) in respect of residential
accommodation occupied by the assessee, to such extent 9*** as may be prescribed having regard to
the area or place in which such accommodation is situate and other relevant considerations.]
10[Explanation.—For the removal of doubts, it is hereby declared that nothing contained in this
clause shall apply in a case where—
the residential accommodation occupied by the assessee is owned by him ; or
the assessee has not actually incurred expenditure on payment of rent (by whatever name
called) in respect of the residential accommodation occupied by him;]
11[
(i) any such special allowance or benefit, not being in the nature of a perquisite within the
meaning of clause
of section 17, specifically granted to meet expenses wholly, necessarily and