Income Tax from stipend received as part of internship

Hey guys, could you please explain the taxability of the stipend?

Hey @Dia_malhotra ,
As per the Income Tax Act, stipend is a scholarship given to meet the education expenses. Thus, it is exempted from income tax under Section 10 (16).

Is a Ph.D. fellowship exempted from tax using 10(16)?

Hi @Debapriya_Basu

The scholarship is exempt u/s 10(16) of the IT Act. You can read more about Is Stipend Income Taxable in India? - Learn by Quicko

Hi,

I have two jobs. One is the PhD stipend that I receive from an IIT (Rs. 4.2LPA), and another is a company job (>Rs. 10LPA). What’s the taxation laws in this case? Do I need to include the stipend I receive from IIT as taxable income? Can it get exempted?

Thanks.

Hi @Qwwq,

An Individual receiving a salary from more than one employer has to consider the total salary received from all employers for computing the total income.

Hence, you need to include your stipend in your total income, which will be taxable as a whole after claiming deductions. No exemption can be claimed for a stipend received as income.

Hope it helps.