Hello all,
I am a doctor. in FY 2015-16 I completed my MS i.e postgraduation in sept 2015. i recieved rs 42000 per month as stipend there and total rs 7800 tds was deducted. my first query is that whether this stipend is taxable or not and if not how shall i calculate my income.
my second query is that i joined job after completing studies in oct and started recieving salary which included TA (Transport Allowance). now i know that TA limit is rs 1600 per month but i want to know that can i calculate this TA for 12 months or for only the 6 months i was paid TA.
hopefully i will recieve some nice inputs. plz ask if any details needed
CAclubindia
