Resident salary stipend rates are subject to change on July 1 of each fiscal year. All residents will receive an IU paycheck even when rotating to affiliated hospitals and off-site electives. Checks are issued monthly on the last business day of the month. No advance pay can be made. As an IU employee, you are required to have direct bank deposit. This is a simple, dependable, convenient, and safe method and must be used by all IU employees.
Federal, state, and county income tax, and social security tax will be withheld from your pay. In a few instances (fellows), where a portion of the pay is from non-taxable grants, income taxes will not be withheld, and you are advised to file a Declaration of Estimated Tax, State and Federal, to cover the balance.