Tds on directors remuneration

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UJJWAL ADHIKARI (Querist)

15 June 2013 A RECENT SECTION TDS ON DIRECTORS REMUNERATION UNDER SECTION 194j(1)(ba) implemented on from 01.07.2012, where it is mentioned that the tds on remuneration will be deduct @10%.but whenever i filling tds return as salary 92b section it is auto calculated in rpu as incometax slab wise.

Therefor please anybody help me in this point how i fill up the tds return and in which section i have to deposit the money on TDS ON DIRECTORS REMUNERATION SECTION 194j(1)(ba)

pl help me

mob-9232768472

Rupesh Jain

Rupesh Jain (Expert)

15 June 2013 dear sir
managing director is full time employees of the com.
u/s 194 J tds only technical service or director not in full time employee of company
then tds will deduct for example % of sale, sitting fee of director etc
Remuneration to not full time employee
Will attract TDS u/s 194 J @ 10%

Akriti Bhatia

Akriti Bhatia (Expert)

17 June 2013 There are two options of giving payment to a director:

a) Either as an Employee i.e Fixed Salary per month-In this case deduct as per slab rate
B) Or As a Professional or part time then he will get fees for professional services or Sitting fees.-In this case it will not be under salary, so deduct @10%

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