Director's remunaration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2010 Hi
Respected Members

1.Can any one give valid reply regarding whether Professional Tax

2.Provident fund is applicable on Director's remunaration?

Please reply early it is urgent

Aditya Maheshwari

Aditya Maheshwari (Expert)
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26 August 2010 1. Directors are liable to pay PT being a director of the company. So they have to pay Rs. 2,500/- if in Mumbai or maharashtra by 30th June. So no need to deduct from salary.

2. PF deduction is compulsory below Rs. 6,500/- and voluntary above Rs. 6500/-. So it will depend upon director whether to deduct or not. Its their call.