Tds cut on stipend
This query is : Resolved
Querist : Anonymous
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.
my in hand has only been rs 44300 . How can TDS be deucted since my income is only 50000 for this financial year.
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.
Rupesh Jain
(Expert)
02 June 2016
if your income above exempt limit then tds will applicable.
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