Post getting recognition under DPIIT, a Startup may apply for Tax exemption under section 80 IAC of the Income Tax Act. Post getting clearance for Tax exemption, the Startup can avail of tax holiday for 3 consecutive financial years out of its first ten years since incorporation.

Eligibility Criteria for applying to Income Tax exemption (80IAC):

1. The entity should be a DPIIT recognized Startup 

2. Only Private limited or a Limited Liability Partnership is eligible for tax exemption under Section 80IAC

3. The Startup should have been incorporated after 1st April 2016 and before 31st March 2023

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