Tds on salary to director

RS (none) (293 Points)

30 July 2013  

The annual salary paid to director is Rs 3 lakhs and hence no tds is deducted u/s 192B as the director's income is not more than the exempted level after deducting 1 lakh u/s 80C. So will the company have to deduct tax @ 10% u/s 194J.