Tds on director remuneration


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Querist : Anonymous (Querist)
23 October 2012 We have paid monthly salary/ Remuneration to our director Rs. 80,000/-. bcoz he is working director. As Per new provision applicable from 01.07.12. TDS on director remuneration is deduct u/s 194 J. In above condition can we deduct tds under 192B as a salary.

23 October 2012 Remuneration to a Director other than in the nature of Salary shall be liable to deduct tax at source @10% u/s 194J (w.e.f. 1.7.2012).
Cut off limit of Rs 30000/- is not applicable.




23 October 2012 Remuneration to a Director other than in the nature of Salary shall be liable to deduct tax at source @10% u/s 194J (w.e.f. 1.7.2012).

Cut off limit of Rs 30000/- is not applicable.

You can identify that payable amount,which would be other than salary, by salary structure under appointment/increament/offer/agreement letter, whichever.




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