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Stipend paid to medical student pursuing pg


gayathri maruwada   07 April 2020

gayathri maruwada

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If a medical student pursuing pg receives a stipend of Rs 50k per month should that be taxed under IFOS? or Is it exempted under 10(16) of income tax act

Mandakulathur Ananthanarayanan   07 April 2020

Mandakulathur Ananthanarayanan

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Stipend is exempt under section 10(16) of the act as scholarship and the view is supported by a Karnataka High court judgement where it is not considered as a salary and exempt as a scholarship

RAMESH SINGH   07 April 2020

RAMESH SINGH

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Sir then why institution deducted tds on it and then give remaining amount to students.

Mandakulathur Ananthanarayanan   07 April 2020

Mandakulathur Ananthanarayanan

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But you can treat the same as scholarship and claim refund by filing return.

avater

RAJA P M ("Do the Right Thing...!!!")     07 April 2020

RAJA P M
"Do the Right Thing...!!!" 
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The stipend received by medical student is not exempt income. It's taxable income.

avater

gayathri maruwada   07 April 2020

gayathri maruwada

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Can u refer me regarding section under which it is taxable? if it is taxable

RAMESH SINGH   07 April 2020

RAMESH SINGH

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Madam, As stipend is related with pay band ,D.A.,HRA as well as non practice allowance for MD students. It has grade pay and yearly increment also. It is equal to pay of Junior Resident in hospital.
In my opinion it is equivalent to pay that's why they deducted TDS.
Kindly give case number inwhich MD student stipend is exempted by court.
Thanks.

Mandakulathur Ananthanarayanan   07 April 2020

Mandakulathur Ananthanarayanan

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This article might be useful for you

https://medicalreportertoday.com/stipend-during-md-ms-dnb-and-bond-serving-is-tax-free/


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