IF ONE DIRECTOR RECEIVE SALARY FROM 3 PVT LTD COMAPNIES 1. Rs. 49000/- , 2. 210000/- & 3. 210000/- & WHAT IS THE TDS PROVICION OF THE ABOVE SALARY U/S 192B
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Salary to director
Replies (4)
TDS from the 2nd and 3rd Company should be deducted of Rs. 6180 [Company 2 Rs. 3090 + Company 3 Rs. 3090]. There is no need to deduct TDS on salary received from Company 1.
TDS by Company 2 Rs. 257.5 per month should be deducted ie Rs. 3090 per annum
TDS by Company 3 257.5 per month should be deducted ie Rs. 3090 per annum.
Note :
If the above Director's remuneration is for A.Y 2012 - 13, then TDS is to be deducted u/s 192B.
But if it pertains to A.Y 2013 - 14, then TDS is to be deducted u/s 194J @ 10%.
Regards,
Devendra Kulkarni
dear devendra
pls read carefully in amenmendts there is mentioned that except salary whatever gives to director than u have to deduct TDS on that portion U/s 194J.
AS PER NEW AMENDMENT PAYMENT MADE TO DIRECTOR IN FORM OF SITTING FEES & COMMOSSION IS TO BE DEDUCTED U/S 194J...ONLY.
SALARY PAID TO DIRECTOR IS TO BE DEDUCTED U/S 194B
Pankaj Arora & CA Praveen Singh : @ Thank you for correcting me
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