Devendra (Chartered Accountant) 15 April 2012
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.
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%.
CA PRAVEEN SINGH (MANAGER ACCOUNTS) 15 April 2012
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