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director remuneration pvt co

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 February 2010 Can anyone tell me how much portion of Director remuneration is allowable as per Companies Act as well as Income tax?
& is TDS applicable if yes then on what basis deduction is to be made?

w8ng for reply.....
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A. Sankaranarayana

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A. Sankaranarayana (Expert)
12 February 2010 TDS on Director's Salary is as usual like other employees, First you have to compute, and consider his personal investment in LIC, PF, Medi Claim or Housing Loan etc., and pay everymonth.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
18 February 2010 agree TDS ia applicable, as it is applicable to others employees
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2010 Thank u for replying....

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