Tds on remmuneration to director
This query is : Resolved
08 October 2013
what is the exact rate of TDS for remmuneration to director. as per Section 194J it is 10% but one of our client company is deducting at the rate of 30%
08 October 2013
It depends how you treat it, If you treat remmuneration to director as salary then section 192 B will be applicable and tax will be deducted accordingly, otherwise 194 J will applicable and 10% will be deducted. but it is always suggested that you take director remuneration as salary only as if you take it otherwise then service tax will also be applicable
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08 October 2013
Thanks a lot for the reply. but the client company is paying just 10,000 per month and TDS deducted is 3000. that is why i am getting this query.
08 October 2013
Then you client is observing totally a wrong practice.. i suggest director remmuneration should always be considered as salary, therefore tell your client to stop TDS deduction now, and your director will go for refund in his personal return..
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