Tax Exemptions Available To Startups In India

Tax holiday of 3 years for between 7 and 10 years (Section 80IAC Tax Exemption) Startups that were formed between April 1st, 2016 between April 1, 2016, and March 31, 2021, were eligible for the tax holiday. The budget for 2021 has been extended until 30 March 2022. Startups can claim an unlimited tax-free deduction for three years of a seven-year block provided that the annual profits do never exceed Rs.25 crores for any fiscal year. This will allow new entrepreneurs to meet their operating requirements in their first year of being in operation.