Section 13 and 14 of I.T.A.
Section 13 leads us to the first schedule, specifies a person, organizations whose income is exempted from tax. Effectively means, income they earn will not be subjected to tax. Regulation 3 of the 1st schedule exempts the president, other regulations exempt specified parastatals e.g. Tea Boards, Pyrethrum Boards etc.
Income of an amateur or sporting association, income of a registered pension fund, schemes, trust schemes, local authorities
Section 14 exempts from tax any interest income payable on any charge on the consolidated fund.