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TDS ON DIRECTOR REMENERATION OR SALARY RATE OF DEDUCTION REG


MEENA VIVEK   25 May 2020

MEENA VIVEK

 4 likes  165 points

| My Other Post

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.

avater

Asha Kanta Sharma (Manager - Finance & Accounts)     29 May 2020

Asha Kanta Sharma
Manager - Finance & Accounts 
 105 likes  5137 points

View Profile | My Other Post

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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