Stipend Medical interns

[KAMAL PODDAR]

Is Stipend paid to medical interns exempt from income tax.

AI Summary

Medical Intern Stipends Exempt from Income Tax if Paid Under Apprenticeship Agreement, Not Employment Contract, per Section 10(16). A query was raised regarding whether stipends paid to medical interns are exempt from income tax. A response indicated that if the stipend is paid under an apprenticeship agreement rather than an employment contract, it is exempt from tax under section 10(16).