The montly stipend is 1.25 lakh INR.

Further, if the internship is completly online then you receive the abovve mentioned stipend (excluding tax).
But if it happens on-site, you get two options:

i) Take company accomodation for which they cut 45k per month. Thus reducing the stipend to 80k per month.
ii) Manage your own accomodation. You get full stipend plus 2 weeks sponsored stay by Microsoft at the start on the internship so that you can find a place to stay.