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Managerial remuneration percentage

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section 197 managerial remuneration


if there is only one director managing director whole time director and manager means not exceeding 5%


if two or more above this mentioned persons not exceeding 10%


3% for which category??

1% for which category??

could you please explain me
Replies (2)
There is no other managerial remuneration other than sec 197.If there is only one director it means exceeding more than 5%.
3% and 1% for Non Executive and Independent Director ,If you read section 197 with Schedule V ,You will come to the following Points

1. Overall Max Managerial Remuneration -11%
2. Single MD/WTD - 5%
3. Overall MD/WTD - 10%
4. To NE / IDs - 1%
5. Overall NE/IDs when there is no MD/WTD - 3%

over and above requires special resolution and also well applied in case of no or inadequate Profit ( Slab Wise Limit with effective capital )


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