Dear Frdz,
Employee Profession Tax is tobe deducted in case of Remuneration paid to Directors of Pvt. Ltd. Co.???
3 Replies
Amir
(Learner)
(4016 Points)
Replied 27 April 2010
Dear Priti,
Directors can be appointed in two categories -
1) As an employee or whole time Directors or Functional Directors - they are generally on rolls of the company like anyother employee & their remuneration will suffer "deduction of professional tax"
2) As a consultant or independent directors - their appointm,ent is not in the capacityof employees & hence their remuneration will not suffer "deduction of professional tax"
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