banner_ad

Stipend change to salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 June 2009 Hi,

we have one trainee to whome we was paying him stipend of Rs 20000/- without any deduction, from june he is becoming employee now his package will be about 4 lac, while calculating tax do need to add his april may income also?? should i leave it coz that was stipend and calculate tax on his remaining 10 months salary?? waiting for reply.

Nazir
Profile Image

CA.Pujah

Profile Image

CA.Pujah (Expert)
05 June 2009 stipend should be included in total income but not as salary.It will be taxable as Income from other sources.
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
05 June 2009 Stipend Income is taxable as income from salary u/s 17(1) of the Income Tax Act, 1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details