STIPEND

This query is : Resolved 

28 August 2009 whether stipend is a taxable income or it is exempted??

28 August 2009 There is no such exemption in income tax act. Generally stipend will be in lower amoounts may be up to Rs.10000/- generally with in the taxable limit.

28 August 2009 It is taxable if exceed the basic exemption limit


29 August 2009 Taxable Income


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