Going to get my first stipend for the internship today.

The break up is gonna be like:

    Gross:                                          Rs. 8,000 (24/30 working days for Rs.10,000 a month stipend !)
    Less Prof. Tax:                              Rs. 100
    Less ESI(Emplyee State Insurance): Rs. 140 (1.75% on gross salary)

That give us a sum of Rs. 7760/-

Yippieeeee !!!