Taxability of Stipend

u/s 10(16) it is fully exempt

10( 16) Says - Scholarships granted to meet the cost of education; 

I think it is taxabale since it is not scholarship.

Vinay

stipend is fully exempt

Fully exempted

 Ya its fully exempted 

Please go through

u/s 10(16)

it is fully exempt

Sec 10(16) talks about the scholarship granted As Meaning of stipend is wages or salary paid less than what is actually paid for that job. It is not a scholarship which is paid for meeting the cost of education. It should be taxable.

Thanks,

Lovensih Bansal

Industrial Trainee 

 Pooja, it is taxable. But anyways how much stipend do you really receive???//

Piyush

It is Fully Taxable.

its taxable

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 its taxable...