Stipend - taxable or exempt
anand kumar (70 Points)
26 July 2022
is stipend actually taxable or exempt ?
3 Replies
Deepanshu Garg
(Student)
(273 Points)
Replied 27 July 2022
Taxable under Income from Other Sources as per normal slab rates.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 27 July 2022
Taxable under the head salary. But mostly it below 5Lacs . So rebate is available and there won't be any tax .
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 July 2022
Taxable under other sources
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