WebSep 1, 2014 · The stipend received is in nature of a financial assistance, grant or subsidy to meet such capital costs. Therefore, stipend or scholarship received is in nature of ‘capital … Web7th June 2008 From India, Kochi. psaluja. 1. 7. ESI is mandatory to deduct from the stipend. However PF may or may not attract on stipend. This depends on that if there is a …
Gross Salary - Components, Calculation and Difference …
WebMar 10, 2024 · However, a stipend does count as taxable income, so you will need to plan to set aside money for the taxes you will owe on your stipend at the end of the year. Tax … WebSelected intern's day-to-day responsibilities include: 1. Assisting in the filing of income tax 2. Reviewing capital gains, business, and salary income Requirements: 1. Good communication skills - both verbal and written (English, Hindi, and at least one local language) 2. A high-level understanding of income tax provisions relating to capital gains, business, and salary … meteo woburn que
10% tax on internship stipend : r/IndiaTax - Reddit
WebThe phrase ‘remote work allowance’ can also be used to mean ‘remote work stipend’, which is a sum of money given to remote workers by their employer to help pay for the extra costs incurred by working from home. These stipends or allowances may or may not be tax-deductible depending on the local regulations. WebMar 6, 2014 · 06 March 2014 Is stipend received by doctors undergoing PG courses taxable under income tax act? The following is the case law. Sections 15, 16 and 17 of the Income … WebJan 6, 2012 · The stipend received by you is in the nature of scholarship. It is not in the nature of salary and acordingly not taxable. This is supported by the decision of ITAT, CHandigarh in case of Dr. Rahul Tugnait (2009) 315 ITR 139 (AT). I finished my DNB (Equivalent of MD) training during which I was getting stipend and it was non-taxable for 3 … meteo wizzrobe locations