what will be the treatment of sholarship/stipend in ITR , received by medical student ???
how it be shown in computation sheet??
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Scholarship/Stipend for medical students.
Replies (8)
Stipend received by post graduate students like MD, MS etc is tax-free. [exempt u/s. 10(16) of IT act]
for mbbs students?
No.
Do they get any stipend?
sir where we should show stipend in other source ?????
Whenever stipend is taxable, it will fall u/h. 'Salary' and not u/h. 'IFOS'.
sir if someone getting half part of salary as stipend and other half as salary and he is a medical resident what is the tax treatment of above
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.
thank you sir for your advice 🙏
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