banner_ad

Tds on stipend paid to intern

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 February 2013 ABC Limited has CS Department under which trainees are appointed and paid stipend Rs. 10000 per month. Whether this annual stipend amount Rs. 120000 is subject to TDS? If yes, under which section? Since it is evident that Income Tax Department has clarified that stipend income shall be shown under the head "Income From Other Sources"
.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
04 February 2013 The amount paid to trainees as stipend can worst be treated as Salary and looking to the amount -which is below taxable limit, No TDS is required to be deducted.
.
Profile Image

CA Abhishek Jain

Profile Image

CA Abhishek Jain (Expert)
05 February 2013 No TDS is required to get deducted .....if salary exceeds 2,00,000 after giving Deduction then TDS is required to get deducted....
Profile Image

NANDAN SINGH THAKUR

Profile Image

NANDAN SINGH THAKUR (Querist)
05 February 2013 let the stipend be Rs. 250000/-. Now, under which section Tds will get deducted considering it as "Other Income" by the receipient and we can not treat the same as "Salary" under section 192B.
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
05 February 2013 stipend can be treated as salary,
son only 1,20,000/- is not liable to tax so no TDS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details