Items not considered in determining income

§ 503. Items not considered in determining incomeFor the purposes of this chapter, in determining annual income, the Administrator shall not consider— (1) payments under laws administered by the Veterans’ Administration because of disability or death; (2) payments of mustering-out pay; (3) payments of the six months’ death gratuity; (4) annuities under chapter 73 of title 10; (5) payments of adjusted compensation; and (6) payments of bonus or similar cash gratuity by any State based on service in the Armed Forces.