IF ONE DIRECTOR RECEIVE SALARY FROM 3 PVT LTD COMAPNIES 1. Rs. 490000/- , 2. 210000/- & 3. 210000/- & WHAT IS THE TDS PROVICION OF THE ABOVE SALARY U/S 192B in F.Y. 2011-12 .
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Salary to director
Replies (6)
tds will be deducted by the cos & form 16 would be issued ,self assessment tax would arise & director will have to pay the same....
Every company should calculated the TDS and deduct from the director individually.
Regards
how to calculate TDS on Salary for Director / employee ??
what is the tds provision of the above salary to Director & calculation procedure.
same as other employees ,take basic & other details ,provide all allowances, deductions under chapter VI a & other exemptions then tax to be calculated as per slab rates & tax payable should be divided for 12 mths & accordingly tds should be deducted
| Originally posted by : nitin suvarna | ||
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tds will be deducted by the cos & form 16 would be issued ,self assessment tax would arise & director will have to pay the same.... |
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