Managerial remuneration

Dear All,

In our public ltd company we are going to give Rs. 60 lac managerial remuneration to our directors but as per limit prescribed in companies act 2013, we can't pay more than 42 lacs.

if central government does not approve our application for above mentioned managerial remuneration in that case we have to take back rs 18 lac from directors.

My query is what if director has already pay tax on above 60 lacs income and filed returned accordingly and not claimed any refund in itr.