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If mr. x is director in 2 company and drawing salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2011 Dear All,

If Mr. X is Director in 2 company and he is drawing salary from both the companies than,whether the both companies will allow deduction of Rs. 1,80,000/- (exemption limit separately for Company 1 & Company 2) for calculating TDS amount.

Regards,

Dinesh Kumar
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Ravi Jhamb

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Ravi Jhamb (Expert)
07 September 2011 No both company will not allow. Firstly director can get salary from one company or if he gets amount from two ways. So One is considered as salary and other is commission for their service.
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