X is the director of private company
Salary of X is 5000000/year
Then how much the TDs of X paid by company for the each quarter??
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Tax deducted at source
Replies (5)
taxable income to be calculated for the whole year. then calculate tax liability after allowi g all chapter VIA deduction.
the tax liability arrived shud be deducted each month equally and TDS paid for quarter be calculated accordingly
the tax liability arrived shud be deducted each month equally and TDS paid for quarter be calculated accordingly
so it has to be deducted under 192 salaries??
but is the relationship between director and company is regarded as employer employee relationship??
but is the relationship between director and company is regarded as employer employee relationship??
yes it is because company has a separate legal existence as a artificial person and can enter into contracts with others.
so salary paid by company to it's directors us classified as income from salary
so salary paid by company to it's directors us classified as income from salary
ok thank you
welcome
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