Income Tax
This query is : Resolved
30 May 2009
Is Income tax required to be deducted on payment made to a management trainee?
O.D.SHARMA
(Expert)
31 May 2009
yes
31 May 2009
In what capacity? Salary or professional fees? Say the management trainee is paid Rs.10000/- for 5 months what is the tax implication?
chetan soni
(Expert)
01 June 2009
IT should be done as per salary TDS. Amount paid to trainee engineers will be considered as salary as per the defination given in various tax mannual. It also covered the stipend paid.
chetan soni
(Expert)
02 June 2009
right.
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