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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%
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