16 September 2013
At what percentage should i deduct as TDS from director remuneration and is there any saving scheme so that less tax will be deducted from normal deduction for e.g remuneration paid Rs 30000.00 Tds deducted @ 20% i.e. Rs 6000.00 net payable Rs 24000.00 this is a simple way is there any option so that we can pay lesser tax i.e by segregating the salary structure as basic, hra, conveyance etc. please suggest Thank you.