Tds on director remunration
This query is : Resolved
13 December 2014
Sir, we are paying Rs. 25000 p.m. to our director in F.Y. 2014-15, but till time we could not deduct TDS on Director remunration.
Please tell that how much amount of TDS will be deducted from Rs. 25000 p.m. Also tell me that can we deduct & deposit total amount of TDS for amount given to director, till date.
Thanks.
Please tell that how much amount of TDS will be deducted from Rs. 25000 p.m. Also tell me that can we deduct & deposit total amount of TDS for amount given to director, till date.
Thanks.
13 December 2014
If he is full time director deduct TDS u/s 192 otherwise TDS at 10% u/s 194J applicable. Deduct till date and remit along with interest.
13 December 2014
If it is REMUNERATION, you can deduct the TDS as per SALARY limits, taking into account the deductions etc. e.g. prof tax, 80C deductions etc.
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