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
Message likes :
1 times
29 August 2009
agree with expert
29 August 2009
Taxable Income
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