Dear Sir,
What is the t.d.s section of director remuneration in private limited company ?How is it deducted ? According to Salary Slab rate of 192B or 10% of 94J ?
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Director remuneration
Replies (3)
Salary or Remuneration to a director in a Pvt ltd co will be treated as Salary & TDS will be deducted u/s 192B.
If it's paid as Salary then You can deduct as per Salary slab...
Better to consider the Director's any other income from any other Company & others.
Better to consider the Director's any other income from any other Company & others.
If he is a non-executive director, then tax deduction shall be as per S.194J.
Whereas if he is an executive director such as - MD/WTD/ Manager, then deduction of tax shall be as per S.192.
To ascertain as to whether he is an executive or a non-executive director, you may read the terms of appointment and the resolution and the minutes of meeting in this regards.
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