New Service Tax for membership fee
Warm greetings from SAEINDIA!
In the recent budget announcement by finance minister of India, service tax has been revised from 12.36% to 14% which comes into effect form 01-06-2015.
Kindly ensure membership subscription is paid taking into account the revised service tax at 14% on the base rates which remain unchanged (Rs 1400 for those above 28 years and 1100for all faculty advisor and members below 28 years)
Student membership rates continues to be same with service tax component increased to 14% with effect form 01-06-2015
Join today to gain access to SAEINDIA’s magazines publications online.
Membership year for new enrolment is April 1st to March 31st : Student applications received Jan' 1st through March 31st will be held for the next membership year beginning April 1st , if not stated implicitly.
Student Annual Dues are Rs.456/-
First year students can pay the membership fee as Rs.1600 + 500 + 294 (14% Service Tax) for all 4 years + 1year for transfer of membership to Associate Membership.
Students can also join the 4+1 scheme & enrol themselves till one year after the passing out year. The student 4+1 enrolment scheme is as follows:
At the time of admission into 1st Year Rs.400 x 4 + 500 + 294= Rs.2394/-
At the time of entry into 2nd Year Rs.400 x 3 + 600 + 252= Rs.2052/-
At the time of entry into 3rd Year Rs.400 x 2 + 700 + 210= Rs.1710/-
At the time of entry into Final Year Rs.400 x 1 + 800 + Rs.168= Rs.1368/-
Thanks for your understanding and co-operation,