Limit under section 10(23C) has been revised to 5 crore
As per Section 10(23C)(iiiad) and 10(23C)(iiiae) of the Income Tax Act, a medical and educational institute registered engaged solely for medical relief & education and not for the purpose of profit is exempt from Income Tax if the annual receipts of such organization is upto Rs. 5 Crore in a financial year. Earlier this limit of exemption was Rs. 1 crore and has been revised in Finance Act, 2021.
Also, for the purposes of receipts, the limit of Rs. 5 crore shall apply to the aggregate total receipts of all institutions under an organisation.