Tds on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 June 2013 If we pay salary to Director of Private Limited Company do we have to deduct TDS.
Salary is 2,00,000 per annum.

04 June 2013 in this case no need to deduct TDS since director's salary is equal to exemption limit

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2013 what if the amount is Rs 3,50,000/-

05 June 2013 Yes TDS need to be deducted on Director Salary depending upon the deductions and exemptions declared by him

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2013 thank you..!!!


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