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Tds on remuneration to director

This query is : Resolved 

06 July 2012 TDS @10% implemented wef 01.07.12 on remuneration to director.What is the threshold limit & under which section it applies. Please help.

06 July 2012 Applicable Section 194J(1)(ba).
Rate of TDS 10%
Applicable from 01.07.2012
No threshold limit mentioned.

06 July 2012 However it should not be in the nature of salary as per the terms of the employment.
If it is so, then it will still be deducted u/s 192


06 July 2012 194 J
but it is for fee other than salary. if salary is included then 192 will be applicable on it. for rest fee 194 J.
10% TDS will be deducted on full fee. No exemption limit

06 July 2012 We are already deducting TDS from their remuneration but on our self assessment. Is it mandatory to deduct @10% on the gross amount payable to Directors?

06 July 2012 Mr. Kedarnath, Co can pay director two types. One part comes under head salary. if you are paying salary to them then deduct TDS u/s 192
But if you are paying other fees which are not included in salary then you must deduct 10% on it u/s 194 J
So if you are not paying him salary then you can deduct TDS @10% on full amount



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