Managerial remuneration

Vani.A (CS) (168 Points)

02 May 2017  

In X a public limited company, Mr.A, a Managing Director gets a remuneration of Rs.3 lakhs per month. Mr.A also gets Rs. 2 Lakhs per month as salary from a private limited company.

Should we include this salary of 2 lakhs to calculate managerial remuneration ceiling.

Kindly advise