Hi, I am the founder along with my friend as the co-founder of our company. We are in a Dilemna as how to save taxes on our income through the company.
- Should we take only salaries?
- Should we pull out a percentage of Quarterly Nett profits (maybe 15%-20% of quarterly profts) and share them as per our share holding?
- Should we make a combination of base salary plus quarterly profit share?
which of the above options would be viable for us to save taxes?
and
what are the taxes applicable for each of the option above?
Please advice.