187 Startups Approved for Tax Relief Under Revised Section 80-IAC

187 startups were granted permission by the Department for Promotion of Industry and Internal Trade (DPIIT) for tax relief under the revised Section 80-IAC of the Income Tax Act. This action was taken at their 80th Inter-Ministerial Board meeting on April 30, 2025.

A DPIIT spokesperson explained that approved startups can skip paying income taxes on their profits for any three years in a row within ten years after they start their business. This program helps new businesses during their early growth stages by supporting innovation, creating jobs, and building wealth.

Out of all approvals, 75 startups were approved in the 79th meeting and 112 in the 80th meeting. Since this program began, more than 3,700 startups have received these tax benefits.

During the 2025-26 Budget announcement, the government extended the deadline for this program. Now, any startup created before April 1, 2030, can apply for these benefits, giving new companies more time to take advantage of this financial help.

The DPIIT’s improved review process has made applying more organized and clear. Complete applications are now reviewed within 120 days, making decisions faster and reducing delays.

Startups that have not been approved this time are encouraged to step up and resubmit their applications. The DPIIT recommends they emphasize demonstrating how they leverage new tech, their market potential, growth capabilities, and how they’ll employ people and contribute to the economy.

The government’s ongoing support shows its dedication to building a strong startup environment that fits with the vision of a self-reliant, innovative New India.

More information about the tax exemption process, who can apply, and how to apply is available on the official Startup India website, the spokesperson added.