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.