Income of member of a scheduled tribe [Section 10(26)] –

A member of a Scheduled Tribe residing in –

(i) any area (specified in the Constitution) or

(ii) in the States of Manipur, Tripura, Arunachal Pradesh, Mizoram and Nagaland, or

(iii) in the Ladakh region of the state of Jammu and Kashmir is exempt from tax on his income arising or accruing –

(a) from any source in the areas or States aforesaid.

(b) by way of dividend or interest on securities.