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Did you know? / Benefits of Income Tax Exemption for Startups under Startup India Scheme


1. DPIIT recognised Startups can avail Income Tax Exemption under Section 80IAC of the Income Tax Act, 1961

2. Eligible Startups have to pay no tax on profits for any 3 consecutive years out of first 10 years

3. Section 80IAC - gives 100% deduction on profits made by a startup

4. You can save tax under section 80IAC till the turnover in a FY crosses Rs. 100 Crores limit

For Eg: a Startup made profit of Rs. 30 crores in FY 2022-23 from a turnover of Rs. 75 crores, then
Tax payable @ 25% = Rs. 7.5 Crores
Tax Payable (after Income Tax Exemption under Section 80IAC) = Rs. 0

Eligibility conditions for Startup India Income Tax Exemption or Section 80IAC
1. Only Pvt Ltd or LLP
2. Incorporated after 1st April 2016 and before 31st March 2024
3. DPIIT Recognised Startup
4. Scalable business model
5. Employment generation or wealth creation in India
6. Business entity not formed by splitting up of existing entity
7. Certificate of Eligibility issued by IMB (Inter Ministerial Board) to the Startup


How startups can save taxes?
1. Section 80IAC
2. Reinvest money in to business and pay for huge expenses

Startup India Scheme is a game changer for Startups.
How to register your Startup under Startup India Scheme?
How to get Income Tax Exemption under Startup India Scheme?
How to get Section 80IAC benefit?
How to save taxes on your business income?
How to save tax on google ad-sense income?
How to save tax on new business?
How to pay 0 tax even if my profits are more than Rs. 5 crores or Rs. 10 crores in a year?
Certificate of Eligible Business under Startup India Scheme

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