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TDS on remuneration paid to director of Pvt. Ltd.

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(Querist)
12 July 2011 Hello,
Can any one tell me whether TDS is deducted on remuneration paid to director of Pvt. Ltd. and at what rate ?

Thank You.
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Ravikant

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Ravikant (Expert)
12 July 2011 Directors Remuneration is equal to SALARY,
Hence TDS under sec 192B is applicable as it is considered as salary paid,
TDS is based on the applicable Individual Slab rates of Income

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