Director's remuneration/salary
This query is : Open
19 March 2014
dear sir,
in case a full time director of a company is paid a salary of Rs.40,000/- pm for 1 year(Rs.4,60,000/-), what is the taxable amount and what is the percentage of tds to be deducted !
please solve my query.
regards
vijay
in case a full time director of a company is paid a salary of Rs.40,000/- pm for 1 year(Rs.4,60,000/-), what is the taxable amount and what is the percentage of tds to be deducted !
please solve my query.
regards
vijay
21 March 2014
1. The whole amount is taxable in the hands of the director.
2. TDS is to be deducted at the average rate of tax.
3. Compute the total income for the year and tax liability thereon.
2. TDS is to be deducted at the average rate of tax.
3. Compute the total income for the year and tax liability thereon.
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24 March 2014
dear sir,
thank you for solving my query, but sir,
in case a dirctor has been paid a salary/remuneration of rs.1,40,000/- for the year, how to compute.
please resolve
vijay
thank you for solving my query, but sir,
in case a dirctor has been paid a salary/remuneration of rs.1,40,000/- for the year, how to compute.
please resolve
vijay
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