Poonawalla fincorps
Poonawalla fincorps

Taxability of remuneration & salary of a managing director

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2015 Welcome All! Please clarify me taxability of Remuneration & salary of Managing director.( Taking in to consideration of all the aspects such as TDS, Under which head it is taxable...)
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 May 2015 Managing director remuneration covered under head Salary and TDS will apply sec.192
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 May 2015 Thank you Sir! but to what extent a MD is eligible to receive remuneration.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 May 2015 MD remuneration limits are defined in sec.197 of the Companies act,2013. please refer. it based on the profit/loss of the company

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