Income Tax
This query is : Resolved
30 May 2009
Is Income tax required to be deducted on payment made to a management trainee?
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?
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.
01 June 2009
That means for payment of 50000/- there will be no TDS.
02 June 2009
right.
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