Tds on director's remuneration

This query is : Resolved

S.Jegadeesan (Querist)
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09 August 2012 Dear Sir,
As per recent notification I come to know that any amount, commission paid to an director should liable to deduct TDS @10%.
So it means the company cannot deduct the TDS as per normal individual slab rate, even the director's remuration exceeds 30% slab.
Am I correct?

Regards,
S.Jegadeesan

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
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09 August 2012 If it is a Whole time Director then TDS as per section 192 will be deducted on remuneration otherwise deduct u/s 194J @ 10%

CA Manikandan.A.V

CA Manikandan.A.V (Expert)
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09 August 2012 As per the new amendment, any remuneration not covered under section 192 is covered u/s. 194 J. So, director's remuneration is based on a employer-employee relation ship (for eg., PF deducted from such salary) 192 ie, 30% in your case is applicable. otherwise 10% u/s. 194J

CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
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09 August 2012 as on their slab rate for whole time director for covered under 192b and others applicable under 194j @10%

S.Jegadeesan

S.Jegadeesan (Querist)
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10 August 2012 Dear Sir,
Thanks for your reply

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