What're the deductions in Stipend of big 4 firms? Do they deduct PF or any other deductions?

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1 Points Joined March 2025

Hello everyone,

Just a quick check, What're the deductions in Stipend of big 4 firms? Do they deduct PF or any other deductions?

If anyone could share the stipend components that would be more helpful. 

Thanks in advance for your reply. 

Hope to hear from you guys soon. 

 

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On 20 March 2025 at 05:04 Report
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Master in Accounts & high court Advocate
8827 Points Joined December 2011

Deductions in stipends for Big 4 firms typically include: - *Provident Fund (PF)*: 12% of the basic salary is deducted towards PF.¹ - *Professional Tax*: Deducted by the employer and deposited with the state government. As for stipend components, here's a breakdown: - *Basic Salary*: Forms the basis of other salary components. - *House Rent Allowance (HRA)*: Partially or completely exempt from taxes. - *Special Allowance*: May be fully taxable. - *Medical Insurance*: May be provided by the employer. - *Bonus*: Fully taxable. Keep in mind that stipend structures may vary across Big 4 firms. For instance, the average monthly stipend for articleship in Big 4 firms can range from ₹12,000 to ₹20,000.²

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On 20 March 2025 at 16:02


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