Tds on directors remuneration / salary

This query is : Resolved 

07 July 2012 Hi,

Please let me know TDS rate for Directors remuneration/salary.

07 July 2012 TDS on Salary paid to Directors shall be deducted u/s 192.

On any other payment (Sitting fees, Commission etc) TDS to be deducted u/s 194J(1)(ba) @10% from 1st July, 2012 onwards.

07 July 2012 director salary TDS will be according to Sec 192.
any other fee will be in 194 J @ 10%. no exemption limit of 30000. So any amount which is paid will be eligible for TDS.
this is applicable from 1 July 2012


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