Pl. Brief the tax liabilities on Directors remuneration whether we pay to director one lac per month.
GST. ?
TDS. ?
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GST and TDS on Directors remuneration
Replies (4)
Quick Summary
GST Independent Director Remuneration Taxable Under RCM
Income Tax TDS Rate @ 10 % under TDS
1. If director is an employee of company then as per schedule 3 of cgst act there is no requirement of GST
TDS is deducted u/s 192 as per slab rate.
2. If director is not an employee of company like independent director than it is taxable under RCM in GST.
TDS u/s 194J @ 10% is deductible
TDS is deducted u/s 192 as per slab rate.
2. If director is not an employee of company like independent director than it is taxable under RCM in GST.
TDS u/s 194J @ 10% is deductible
Director if executive then section 192b salary TDS , no RCM under GST
Director if non-executive then 194J Profession Fees , RCM under GST is there
Non executive director are also employee of a company so tds is deductible 192
Get not applicable.
Only independent director fall under it.
Get not applicable.
Only independent director fall under it.
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