Menu
TDS ON DIRECTOR REMENERATION OR SALARY RATE OF DEDUCTION REG
I am one of the director in domestic company. From April 2020 onwards they pay salary/Remuneration @ 50000/per month.Now they would like to pay Salary/Remuneration for the months of April 2020 and May 2020 my Query in this matter is what is the rate Deduction of TDS Rate i.e @ 7.5% or 10% for both months Salary or Remuneration. Kindly Clarify.
Replies (1)
10%
Any remuneration or fees or commission by whatever name called, other than those on which tax is deductible under section 192, to a director of a company shall liable to be deducted @ 10%
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
