What it the difference between director's salary and remuneration with respect of private company? Please differentiate both on the basis of company law and taxation?
Rohit Tulshyan (RTProfessionals) (333 Points)
23 July 2011What it the difference between director's salary and remuneration with respect of private company? Please differentiate both on the basis of company law and taxation?
CS Bijoy
(Expert)
(6394 Points)
Replied 29 July 2011
Salary is fixed by the organization for the various levels of the organization , for ex, govt. and quasi govt. organization . no deviations are allowed at any level. full revision only possible. remuneration is the amount one can claim or one has to give for the value of service extracted or rendered. one salaried person may not be remunerated properly. remuneration is bargain able
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