Is stipend exempt from being taxed?
This query is : Resolved
08 February 2016
Is stipend received from medical college become taxable? Is there any exemption available under the provision of income tax act?
08 February 2016
Scholarship received other than from colleges / universities etc. form part of salary and taxable.
Stipend however is not a scholarship.
Doctors receive stipend at hospitals shall be taxable, as doctors on a traineeship perform duties similar to other full-time doctors and the work experience from the traineeship can further their career.
Stipend however is not a scholarship.
Doctors receive stipend at hospitals shall be taxable, as doctors on a traineeship perform duties similar to other full-time doctors and the work experience from the traineeship can further their career.
08 February 2016
If stipend received above taxable limit, than it is taxable.
09 February 2016
Stipend received above the basic exemption limit during the previous year is taxable. However, scholarships granted to meet the cost of education is exempt u/s 10(16).
09 February 2016
thank you so much sir for helping me.
09 February 2016
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