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(Querist)
07 June 2014 Whether director of a company can take tax benefits of 2000 on his director remuneration ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 June 2014 Sec 87A. An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less.

If the condition is fulfilled then he can claim tax benefit of Rs 2000/-
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Rupesh Jain

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Rupesh Jain (Expert)
07 June 2014 if he full time director of the company
and his taxable income not exceed rs. 500000/- then you can give rebate of rs. 2000/-
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 June 2014 provide his other details like residential status and other income .
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