Hi all,
I want to know whether Professional Tax (P.T.) is applicable to Stipend.... ?
Either stipened paid can be count as a salary ? if yes, under which circumstances ? if no, the exempt under which section/laws ?
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Is P.T. Applicable to Stipend
Replies (3)
Hi...
The stipend paid is not liable to profession tax..
hi, yar stipend is not a salary because salary is to be paid in respect of providing services and we (articles) do not provide services , we receive training. And u/s 10(16) of ICAI stipend is exempt.
stipend is not liale for pt. it comes under the head income from other sources
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