hello
i am a post graduate student in a government medical College and receiving stipend monthly after deduction of TDS. so i am asking that is the stipend exempt from tax u/s 10(16) or taxable.
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stipend received by post graduate student feom medical college
Replies (3)
If the stipend is paid to further your education, then it shall be treated in nature of scholarship and shall be exempt.
However if you are receiving same for a higher degree and you are performing over there as an employee, then such stipend shall be taxable
However if you are receiving same for a higher degree and you are performing over there as an employee, then such stipend shall be taxable
I don't know in which capacity i am working.i am totally confused because someone is claiming exemption and someone paying tax.in your opinion what i do?
Do you receive any other money from them apart from this stipend?
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