Tds
This query is : Resolved
26 October 2017
Dear experts,
1) what is the rate of TDs to be deducted for Director remuneration?
2) whether their salary structure and computation of income tax be same as that of normal employees salary?
Thanks/ Maya
26 October 2017
1. 10%.............
2. Yes.........
2. Yes.........
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Ashiwini Ballodia
(Expert)
26 October 2017
Agree with Mr. Raja P M Sir
1) If remuneration paid is treated as profession service than TDS u/s 194J @ 10% but if director is treated as employee than TDS will be slab rate applicable to individual
2) TDS on employee is to deducted on all income reported by employee and only loss of House Property to be consider ( loss other than HP not to be consider for deduction of TDS)
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26 October 2017
My dear Mr Ashiwini Ballodia Sir.,
I think the 2nd question is wrongly assumed by you... Correct me if I am wrong...!
The 2nd question is "The director Salary treat as per normal employee salary and transactions also based in salary......
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26 October 2017
And one more thing.,
Director salary is required TDS deductions if exceed the ceiling limit....
But, The Partners remuneration is no need deduction of TDS...
Ashiwini Ballodia
(Expert)
26 October 2017
Yes you are correct in 2nd question I thought that they are normal employee and I had given provision for deduction of TDS on salary
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Ashiwini Ballodia
(Expert)
27 October 2017
Most Welcome Maya Ji
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