Pallav jha (None) (157 Points)
11 January 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185582 Points)
Replied 11 January 2019
Stipend received by post graduate students like MD, MS etc is tax-free. [exempt u/s. 10(16) of IT act]
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185582 Points)
Replied 11 January 2019
No.
Do they get any stipend?
Shivani Kalla
(24 Points)
Replied 27 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185582 Points)
Replied 28 July 2019
Whenever stipend is taxable, it will fall u/h. 'Salary' and not u/h. 'IFOS'.
Shivani Kalla
(24 Points)
Replied 28 July 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185582 Points)
Replied 28 July 2019
Well not come across any such case so far..... but you can check salary slip or Form 16 issued by hospital or form 26 AS and decide if any TDS has been deducted over it.
Advised to follow form 16 now-a-days.
But as per my assumption when some part is specifically given as stipend (to final yr students) it must be exempt.
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