Is Internship Stipend tax free?

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  1. Sir/Madam
    My son is doing DM from TATA MEMORIAL CENTRE, Parel, Mumbai-400012. I want to know the STIPEND paid to him by TATA MEMORIAL CENTRE is taxable or free from income tax.

    With regards and very good wishes,
    Sincerely yours
    SC KHURANA
     
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    As per IT Law any scholarships received meant solely for meeting the cost of education is exempt whether it is in the name of stipend or scholarship.
     
    gaurav_kumar likes this.
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