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?
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
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