Tds on stipend of 7000/month

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Querist : Anonymous (Querist)
22 May 2013 is TDS applicable for a stipend less than 7000/month? If yes, what percentage is it.

22 May 2013 Stipend is exempt income under sec.10(16),

https://www.caclubindia.com/experts/filing-of-return-1314409.asp

so tds is not applicable on stipend,

refer

sudhir kumar sharma(ca article)VS ITO

https://www.caclubindia.com/experts/filing-of-return-1314409.asp


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