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TDS on remuneration to directors

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61 Points Posted on 21 September 2019
what is the rate of TDS on remuneration to directors ? is it 10% u/s 192?

remuneration paid to partners every month like as salary, is there any slab to cut TDS on remuneration or directly cut 10% irrespective of their(individual directors) income less than basic exemption limit?
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On 21 September 2019 at 18:19 Report
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ARTICLES
190 Points Posted on 21 September 2019
Director remuneration comes under professional fees so prefer to deduct under section 194 J and there is no limit for deduction
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On 21 September 2019 at 18:27
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61 Points Posted on 21 September 2019
But director who is in full time employment need to deduct TDS u/s 92?
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On 21 September 2019 at 18:40
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"Do the Right Thing...!!!"
128152 Points Posted on 21 September 2019
TDS on Director's salary to be deductible u/s 192B as per slab rate
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On 21 September 2019 at 18:49
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61 Points Posted on 21 September 2019
How to deduct tds at the time of payment of remuneration? slab rate will be known only in the year end when ITR is filed, but form 24Q should file every quarter, how to deduct then?
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On 21 September 2019 at 18:52
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190 Points Posted on 21 September 2019
There may be two view either as employee under 192B as per slab or professional under 194J with no limit
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On 21 September 2019 at 18:53
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61 Points Posted on 21 September 2019
Bit slab rate will be known in year end? then how to deduct tds at the time of paying remuneration?
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On 21 September 2019 at 18:55
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190 Points Posted on 21 September 2019
CTC would be there ..!!
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On 21 September 2019 at 18:56
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"Do the Right Thing...!!!"
128152 Points Posted on 21 September 2019
Calculate his total salary in a year (approximatly) and calculate as per slab rate. After that divide his tax liability (12 months). Deduct TDS in every month's salary. (must pay with cess).

Note : At the time of calculation ask his another incomes..
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On 21 September 2019 at 18:56
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190 Points Posted on 21 September 2019
Monthly * 12=total salary
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On 21 September 2019 at 18:57
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61 Points Posted on 21 September 2019
Yeah, i got it, thank you!
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On 21 September 2019 at 19:23
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3986 Points Posted on 21 September 2019

1. Remuneration paid to directors will be covered u/s 194J and TDS need to be deducted @ 10% on every payment. Limit of Rs. 30,000 is not applicable in this case. 
2. The abve amendment is made as per Finance Act, 2012. 
Please correct me if the above solution has an alternative view. 

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On 21 September 2019 at 19:39
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If he is employee also then 192, else 194J.

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On 24 September 2019 at 15:29
Guest
Thanks a lot for the replies and solution. I too was searching for the same.
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On 30 September 2019 at 12:26
Guest
Thanks for sharing with the community
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On 01 October 2019 at 13:19


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