tds on managerial remuneration in private limited required to deduct
if yes in which section and percentage
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On managerial remuneration in private limited tds required to deduct
Replies (8)
Section 192
Sec 192B - There is no percentage. You have to compute the TDS on salary with applicable exemptions,deductions submitted by employee.
Some consider as professional fees
Then it is Sec 194J at 10%
Refer 194J
In both which is correct method
If the recipient is an employee, consider it as salary and deduct TDS under slab rate. If the recipient is not an employee, consider it as professional fee and deduct flat 10 percent TDS.
Yes agree with above comment
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