TDS & Profession Tax on stipend


This query is : Resolved 

30 June 2008 Hi,

Is TDS & Profession Tax applicable on payment of stipend?

Regards

30 June 2008 TDS is applicable.. the rate for salaries.. but no profession tax

30 June 2008 no

30 June 2008 I think stipend is exempt from tax

Pls ractify if i am wrong

30 June 2008 TDS provisions are applicable as TDS on salaries.


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