Startup Tax Exemption (80-IAC)
Startup Tax Exemption under Section 80-IAC allows eligible startups to claim 100% income tax exemption for any three consecutive financial years.
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What is Startup Tax Exemption?
Startup Tax Exemption under Section 80-IAC of the Income Tax Act provides eligible startups with a 100% tax exemption on profits for any three consecutive assessment years out of ten years.
- Applicable under Income Tax Act, Section 80-IAC
- Available only to DPIIT-recognized startups
- Approval required from Inter-Ministerial Board (IMB)
Advantages & Benefits
100% Tax Savings
No income tax payable on profits during the exemption period.
Improved Cash Flow
Retain earnings for business growth and expansion.
Government Recognition
Adds credibility with investors and stakeholders.
Who Should Opt for This?
DPIIT-recognized startups
Startups generating taxable profits
Companies planning long-term scaling
Startups with innovative business models
Documents Required
For Directors / Shareholders
- PAN of Directors
- Aadhar Card
For Registered Office
- DPIIT Recognition Certificate
- Financial Statements
- Business Innovation Note
- Board Resolution
* Document requirements may vary depending on specific cases and government regulations.
Process Flow
Eligibility Assessment
Check compliance with Section 80-IAC conditions.
Application Preparation
Prepare IMB application with required documents.
IMB Submission
Submit application for tax exemption approval.
Tax Exemption Approval
Receive approval enabling tax exemption claim.
Estimated Timeline
15–45 Working Days
Subject to government processing time
Professional Fees
Professional fees applicable. Government fees not charged.
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