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Query on Stipend!!!!

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 January 2011 I'll be getting a stipend of Rs.15000 per month.
1.Do I need to pay tax on my Stipend? If yes, then how much tax will be deducted?

2.Is it true that Stipend is Exempt from Tax?

3.Does it Fall under Head "Income from Other Sources" ?

Please Help me.....
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
05 January 2011 "Income from Other Sources"

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