a company pays salary to director and deduct TDS @ 7.5%
director has to pay 30,000 income tax for current financial year after deducting all TDS.
can company deduct extra TDS in march instead of 7.5% to pay liablity of director
Menu
Tds on director salary
Replies (4)
There is no TDS rate for Salary, you should deduct average TDS. For example. Total Income Tax for One year is Rs.240000/- then you have to deduct 20000/- per Month. As per your above question you can deduct remaining TDS amount in March.
Yes, you can deduct TDS more than 7.50%
Normally. TDS deducted from April on estimated Salary from April to March ,if Salary exceeds basic examtion limit .
More TDS deduction is allowed.
Recent Threads
- About CMP -08
- RCM List on GST
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
Related Threads
CAclubindia
