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?
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.