24 April 2009
My company has 3 directors and pays to them a salary of Rs 10000p.m (Rs 1,20,000 p.a)
The directors have other business also of their own.
Should the company deduct the tds on directors salary which it pays to them monthly (even though the total payment by the company to directors is below taxable limit), if yes at what rate.
Should the company ask from the directors their other source of income and their investments and then deduct tds prorata or just cut it @ 10.33%
CAclubindia
