Tds rate on director remuneration

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Querist : Anonymous (Querist)
01 August 2013 Could we deduct TDS @ 10% as per Section 194 J (a) while payment made to Directors as Remuneration Rs. 1,00,000 above p.m.

Please advice.

01 August 2013 No. On remuneration TDS to be deducted u/s 192 as per applicable slab rates.

01 August 2013 it depends on relationship of directors with the company..

if there is employee relationship deduct as per 192

other wise deduct 194J

generally 194J will be deducted for directors other than whole time and managing directors

01 August 2013 Rates are diff for tds u/s 194J and 192.


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