In a Private limited company one director is getting monthly Rs.40000 salary (including Rs.2000 as TDS). TDS is deducted @ 5%. Is it right at what % i should deduct TDS on partner's salry?
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How much tds should i deduct
Replies (3)
Dear Vinayak,
Just go through the New TDS rate as announced by the Honble FM in this budget. New subsection into section 194J is inserted.....194J(1)(ba) which says TDS will be deducted on any amount of remuneration or commission paid to Director @ 10%.
Thanks
Mihir Doshi
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