Stipend - taxable or exempt

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70 Points Posted on 26 July 2022
is stipend actually taxable or exempt ?
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On 26 July 2022 at 23:41 Report
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Quick Summary
This discussion clarifies whether a stipend is considered taxable income in the UK. The consensus is that stipends are generally taxable, either under 'Income from Other Sources' or the head 'Salary'. However, due to common income thresholds and available tax rebates, many individuals may not end up paying any tax on their stipend.

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Student
273 Points Posted on 27 July 2022
Taxable under Income from Other Sources as per normal slab rates.
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On 27 July 2022 at 00:02
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CFO- at NHTF
58280 Points Posted on 27 July 2022
Taxable under the head salary. But mostly it below 5Lacs . So rebate is available and there won't be any tax .
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On 27 July 2022 at 07:11
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Chartered Accountant
86505 Points Posted on 27 July 2022
Taxable under other sources
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On 27 July 2022 at 09:42

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