What is a typical tech internship stipend in India?

Tech internships at product companies range from ₹25,000 to ₹1,00,000+ per month, while startups and service firms typically offer ₹10,000 to ₹25,000/month.

Can students file ITR to claim TDS refund on stipend?

Yes! If the company deducted 10% TDS under Section 194J or 192 and your total income is below taxable limits, you can file an ITR to claim a 100% refund.

Career & Salary

Internship Stipend Calculator

Calculate total expected stipend earnings from hourly, weekly, or monthly intern rates across your internship duration.

Stipend Rate (₹)

₹

Compensation Basis

Internship Duration (Months)

Total Expected Internship Earnings

₹1,50,000

Average Monthly Payout: ₹25,000/mo

Duration:6 Months

Total Working Days:~130 Days

Total Working Hours:~1040 Hours

Internship Stipend & Total Earnings Formula

Calculates total expected stipend proceeds from monthly, weekly, or hourly compensation across your internship tenure.

Total Earnings = Compensation Rate * Duration Units (Months / Weeks / Hours)

Calculation Steps

1Select pay frequency (Monthly stipend, Weekly rate, or Hourly wage).
2Enter internship duration (e.g. 2 months or 8 weeks).
3Multiply rate by duration to determine total stipend earnings.
4Calculate average weekly and daily earnings breakdown.

Practical Example

Scenario: Summer intern earning ₹25,000/month for a 3-month tenure

Inputs: Rate: ₹25,000/month | Duration: 3 months

Calculation: Total Stipend = 25,000 * 3 = ₹75,000

Result: Total Gross Earnings: ₹75,000

Assumptions & Disclaimers

Key Assumptions:

Stipend rates assume 100% attendance during working days.
TDS is typically not deducted if stipend is below standard taxable thresholds.

Section 10(16) of the Income Tax Act exempts scholarships granted to meet the cost of education from tax. Corporate internships with employment contracts may be taxable.

Frequently Asked Questions

If the stipend is given purely as a scholarship to support education/research, it may be exempt under Section 10(16). If provided by a company as consideration for services rendered, it is taxable as salary/income from other sources if total income exceeds the basic exemption limit.