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Stipend is taxable or exempt
Dear Sir, pls sugges stipend 50000 pm received by doctor for phd by government hospital or department is taxable income or exempt income
Replies (4)
Yes, such work is in the nature of a full time employment and hence, is taxable.
Stipend scholarship is exempt under section 10(16)
The scholarship may have been given by Govt., University, Board, Trust, etc. is exempt to the fullest amount.
Thanks for your precious advice, but two different advice is still raise a doubt. pls sugges....????
Stipend scholarship is given to meet the cost of Higher studies PhD , Mtech Mphils etc.
TIn your case it is Phd so fully exempt u/s 10(16)
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