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Tds cut on stipend

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2016 My two months stipend was rs 50000 ( 25000 per month). However rs 5700 has been deucted as TDS .
my in hand has only been rs 44300 . How can TDS be deucted since my income is only 50000 for this financial year.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
02 June 2016 in above Case TDS need not be deducted on Stipend , If Stipend Exceeds Above Taxable limit than TDS to be Deducted , Question of TDS not arise for Rs.50000/- Stipend For a Financial Year.
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 if your income above exempt limit then tds will applicable.
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