Tds on salary to director

TDS on salary to directors is covered u/s 194J, so the provision of Sec 192 will not be applicable. Co, has paid total salary of 3 lac to directors. TDS of Rs, 30000 will be deducted on it u/s 194J.

but isnt 194J about any payment made to directors other than salary in which 192B is applicable?

no..provisions of section 94J do not apply on salary paid to directors......it applies on remuneration paid other than salary.....the tds on salary will be deducted as per sec. 192 B.....

in your case, as the salary income dont exceed rs. 200000 after claiming deduction under section 80C, no TDS is required to be deducted.....

It is well settle that the director in whole time employment in company who is drawing salary will have to offer his income under the head salary which attracts 192.

While director in professional capacity wont get any salary and draw remuneration in form of sitting fees etc which will be under 194J.

In your case 192 will be applicable and deduction will be made accordingly. Since there wont be any tax liability in your case, TDS wont be required to deduct.

Thanks

Mihir Doshi

Dear frnds,

I think salary also a part of remuneration. so sec 194J will be applicable in this case.

according to newly inserted clause 194J (1)(ba), remuneration paid other than those covered under section 192 is qualifying amount for calculating TDS liabilty under section 194J.....and section 192 covers TDS on salary.....

Debateable Issue ?

But how to establish such employer - employee relationship or services under professional capacity?

What if such directors are also the share holders of the company?

Request all to pls guide........

Dear,

Let me know that your director is Whole time director or Part Time.

If Director provide his services for whole time then the tds should be deducted U/s. 192B otherwise 194J TDS on Professional & Technical Services.

DEAR SIR,

I WANT TO GIVE 70000 /- PER MONTH AS A DIRECTORS SALARY HOW MUCH TDS I SHOULD DEDUCT EVERY MONTH, 

if director is a executive director/full time director then remuneration paid is covered under section 192 and tds will be applicable like any other employee, here director is considered as employee of company.  if payment is made in the professional capacity like in case of a listed company payment will be made for attending board meeting here 194J apply and tds has to be deducted accordingly. may contact me for further clarification- 9911503621