Income Tax Query - Salary

Taxability of salary in hands of manager: Resident: - Salary is taxable in India - Taxed as per income tax slab rates - TDS deductions under Section 192 (Employee's tax deducted at source) Non-Resident (NR): - Salary earned in India is taxable in India (regardless of residency) - Taxed at 30% flat rate (plus surcharge and cess) - TDS deductions under Section 192 (Employee's tax deducted at source) Note: If the manager becomes an NR, the company may need to obtain a tax clearance certificate before making payments. TDS deductions: Resident: - Under Section 192 (Employee's tax deducted at source) - As per income tax slab rates NR: - Under Section 192 (Employee's tax deducted at source) - At 30% flat rate (plus surcharge and cess) Business expenditure for private limited company: - Salary expenses are allowed as business expenditure under Section 37(1) - Subject to TDS deductions and tax compliance Please consult a tax professional or chartered accountant for specific guidance and compliance requirements.