Comprehensive Guide to Startup India Tax Exemption Benefits

Startup India Tax Exemption is a government initiative to support new businesses in India. Under this scheme, eligible startups can get income tax exemptions for three consecutive years within their first ten years of operation. This helps reduce the financial burden on startups, encouraging innovation and entrepreneurship. To qualify, startups must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and meet certain criteria, including being involved in innovation, development, or improvement of products or processes. This initiative aims to foster growth and make India a hub for startups.