TDS & Profession Tax on stipend

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vijaykumar (Querist)
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30 June 2008 Hi,

Is TDS & Profession Tax applicable on payment of stipend?

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Amit Bajaj (Expert)
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30 June 2008 TDS is applicable.. the rate for salaries.. but no profession tax

MANAS ROUT (Expert)
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30 June 2008 no

CA Anuj Garg (Expert)
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30 June 2008 I think stipend is exempt from tax

Pls ractify if i am wrong

CA Anand Sarda (Expert)
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30 June 2008 TDS provisions are applicable as TDS on salaries.

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