Director's remunaration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2010
Hi
Respected Members
1.Can any one give valid reply regarding whether Professional Tax
2.Provident fund is applicable on Director's remunaration?
Please reply early it is urgent
Respected Members
1.Can any one give valid reply regarding whether Professional Tax
2.Provident fund is applicable on Director's remunaration?
Please reply early it is urgent
26 August 2010
1. Directors are liable to pay PT being a director of the company. So they have to pay Rs. 2,500/- if in Mumbai or maharashtra by 30th June. So no need to deduct from salary.
2. PF deduction is compulsory below Rs. 6,500/- and voluntary above Rs. 6500/-. So it will depend upon director whether to deduct or not. Its their call.
2. PF deduction is compulsory below Rs. 6,500/- and voluntary above Rs. 6500/-. So it will depend upon director whether to deduct or not. Its their call.
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