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Tax planning

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(Querist)
03 February 2017 I and my wife are the directors of a PVT ltd company.
I want to withdraw profits to the tune of 25 lacs each.
What is the best way to do it with minimum tax implications.

if we withdraw as bonus...it is chargeable at 33%
If we declare as dividend upto 10 lacs is exempt in individuals hands but the company will have to pay dividend tax..which is not deductible for PBT.

What is the most effective way with minimum tax implications ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 February 2017 Declare dividend up to 10 lacs. Pay directors remuneration 15 lacs.
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