Student CA Final
37 Points
Joined October 2013
There are 2 possibilities here..
1. Director's fees for Technical Services provided by him
The TDS Rate Wud be 25% Plus (Surch. @ 10% If such Paymnt exceeds Rs.1 Crore if not then no Surch.) Plus 2% Edu.Cess. Plus 1% Sec. High.E.Cess...
Ultimately comes 28.325% (If payment exceeds Rs.1 Crore)
or 25.75% if payment doesnt exceed Rs.1 Crore.
2. Directors fees in no other nature like above mentioned:
Tds rate - 30% Plus (Surch. @ 10% If such Paymnt exceeds Rs.1 Crore if not then no Surch.) Plus 2% Edu.Cess. Plus 1% Sec. High.E.Cess...
Ultimately comes 33.99% (If payment exceeds Rs.1 Crore)
or 30.9% if payment doesnt exceed Rs.1 Crore.
PS - Experts Correct me If Im wrong....