CBDT Exempts West Bengal Transport Workers’ Social Security Scheme from Income Tax u/s 10(46)

The Central Board of Direct Taxes (CBDT) has exempted the West Bengal Transport Workers' Social Security Scheme from income tax under Section 10(46) of the Income Tax Act. This exemption applies to the income generated by the scheme, ensuring that it will not be taxed. The move supports the scheme's goal of providing social security benefits to transport workers in West Bengal by reducing its financial liabilities, thereby enabling more funds to be directed toward worker benefits.