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I am working in an IT company where we have taken some intern\'s for our software team. we are giving them a sum of amount as a stipend. Please let me know if PT and PF will be levied on Stipend amt or not.
If yes, then what are the ways to avoid the legal things.

Dear Sheetal,
Internship doesn't attract any PF or Professional charges,as it will not consider as salary or wages, but, subject to signed the agreement between both the parties as Internship.
& same should be treated as professional charges therefore, concern person has to raise their invoice on periodical basis as per fixed remuneration, & only TDS shall be attract on the same.
Even, there is exemption provided by the Income Tax dept. on certain cases on percentage wise, for more information on the same , you may contact to local Income Tax Dept.

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