How to legally take salary from a private limited company as a director ?

H Y (6 Points)

11 April 2024  

hello guys, I am owner and director of a pvt ltd company with my brother as second can we take out our profits in a tax efficient way ,

i know taking out dividends is one way and salary is other, but being a pvt ltd company i want to know if i decide to take salary out from the company expenses to directors , should i take a fixed salary every month or can we pay salary every month depending on the business ,

for eg if the business makes more money one month can we take more money and if in other month it makes less we take less salary

how does that work if someone can explain please ?