Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2013 If we pay salary to Director of Private Limited Company do we have to deduct TDS.
Salary is 2,00,000 per annum.

kunal (Expert)
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04 June 2013 in this case no need to deduct TDS since director's salary is equal to exemption limit

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2013 what if the amount is Rs 3,50,000/-

CA.Vinita Gupta (Expert)
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05 June 2013 Yes TDS need to be deducted on Director Salary depending upon the deductions and exemptions declared by him

Querist : Anonymous

Querist : Anonymous (Querist)

05 June 2013 thank you..!!!

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