How to pay remuneration to director

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This discussion addresses how a director of a private limited company, operating as a commission agent, can receive remuneration. The director seeks to understand the process and amount of remuneration they can draw without negatively affecting their individual tax situation, particularly under the new tax regime. Advice is also sought on necessary documentation for this process.

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(Querist)
24 July 2023 Sir
I am running a Pvt. Ltd company and my business as commission agent in trade/import/export side as we get commission from supplier or buyer.
I am main director in company and want to be get clear that how and how much, i can get remuneration from company so my individual tax slab side not get affected...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 July 2023 15 lacs remuneration paid p a under new regime not affected.
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Tejinder Singh

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Tejinder Singh (Querist)
24 July 2023 Thanks sir. And do i have to submit/prepare any documents for it!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 July 2023 Take the advice of your company secretary.
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