Is profession tax applicable on stipend in Maharashtra. If no where has it been specified? Plz provide me the link of the same or let me know where can i get it?
5 Replies
Manoj Khandelwal
(Practice)
(347 Points)
Replied 01 November 2010
Professional ta is noy applicable on STIPEND,
swapnil
(CA Final)
(598 Points)
Replied 01 November 2010
at d movement i hv no any evidence 2 prof that d p.tax will deduct from our stipend, but i concern p.tax will not b deduct from our stipend, because of purview and defination of stipend is differ from salary, and also employer and employee relationship period,
but there some expert opion r still 2 come,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
by d way thanks 4 sharing with us, and best of luck,
Rahul Agarwal
(Future CA)
(217 Points)
Replied 02 November 2010
No,
P. tax is not deductible from Stipend.
I am working as a Industrial Trainee and no P Tax is deducted from my stipend.
So, by now U must be satisfied.
dhruv
(a)
(63 Points)
Replied 02 November 2010
my employers are asking for some evidence in order to prove the same....
MEHUL MANGILAL JAIN
(Industrial Trainee)
(21 Points)
Replied 02 March 2011
Hi,
Is Profession Tax deductible on Stipend paid during Industrial Training period????
Its Urgent.
Pls reply as early as possible.
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