Section 10(32) → Section 12
Exemption of Minor Child's Income
Quick Answer
Section 10(32) of the Income Tax Act, 1961 (Exemption of Minor Child's Income) corresponds to Section 12 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 10(32)
In the 1961 statute, Section 10(32) deals with exemption of minor child's income. Where minor child's income is clubbed with the parent under Section 64(1A), an exemption up to Rs. 1,500 per child is allowed.
The new code maps this to Section 12: the provision is retained and renumbered as Section 12 of the Income-tax Act, 2025, applying from 1st April 2026. Retained. Not available under the new tax regime (115BAC).
On the ground, changes to Section 10(32) carry a Low impact. Minor relief provision.
Sec 10(32)
Provision Summary
Where minor child's income is clubbed with the parent under Section 64(1A), an exemption up to Rs. 1,500 per child is allowed.
Sec 12
Provision Summary
Retained. Not available under the new tax regime (115BAC).
Key Changes & Highlights
- Regime-specific availability.
Related Sections
Frequently Asked Questions
What does Section 10(32) of the Income Tax Act 1961 deal with?
Section 10(32) of the Income Tax Act, 1961 covers exemption of minor child's income. Where minor child's income is clubbed with the parent under Section 64(1A), an exemption up to Rs. 1,500 per child is allowed.
Where does Section 10(32) of the ITA 1961 go under the Income-tax Act, 2025?
Section 10(32) of the Income Tax Act, 1961 maps to Section 12 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Not available under the new tax regime (115BAC).
Why does the change to Section 10(32) matter for taxpayers?
The transition impact for Section 10(32) is rated Low. Minor relief provision.
What are the key changes to Section 10(32) under the Income-tax Act, 2025?
Regime-specific availability. These points are specific to Section 10(32) (Exemption of Minor Child's Income).
Disclaimer: This mapping of Section 10(32) (Exemption of Minor Child's Income) to Section 12 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 10(32) is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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