Tax on fellowship stipend received by a doctor

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2015 Is fellowship stipend received as a part of PG course (MD Medicine) taxable?

A few points:
-Amount credited per month = INR 40000
-No TDS is deducted
-Professional tax is charged
-Form 16 or 16A is not issued at the end of Financial Year.

03 March 2015 Professional tax is charged, Taxable and TDS has to be deducted.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2015 But the employer ( a govt hospital) has not deducted any tax. Shall we file the return treating it as Income from Salary and pay Self Assessment Tax?

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2015 But the employer ( a govt hospital) has not deducted any tax. Shall we file the return treating it as Income from Salary and pay Self Assessment Tax?

03 March 2015 Yes you can do it........


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