Sec 192 salary employee
This query is : Resolved
27 August 2011
Dear Sir
I want ask you, how we can save the tax if any employee who is above 60 year old and he is taking director remuneration from any Private Limited co.of Rs.2,20,000p.m,and also he is Director of that co.and he has no any share of that co.His max.saving is Rs.1,00,000/- Now he is giving monthly tax above Rs.40,000/-If have you any solution for saving tax liability. Plz Suggest me,
Regards,
Umakant Tripathi
CA Final
I want ask you, how we can save the tax if any employee who is above 60 year old and he is taking director remuneration from any Private Limited co.of Rs.2,20,000p.m,and also he is Director of that co.and he has no any share of that co.His max.saving is Rs.1,00,000/- Now he is giving monthly tax above Rs.40,000/-If have you any solution for saving tax liability. Plz Suggest me,
Regards,
Umakant Tripathi
CA Final
27 August 2011
More than 80C Rs.100000, Rs.20000 u/s.80CCF and other section like 80D/80DD/80DDB/80E/80G are available tax savings option for Individual case
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