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How much tds for 36 lakhs per year director salary ?

25 May 2021

Director salary will be 36 lakhs per year. But will vary month wise. If this month, salary was 10000, how much tds to pay to IT ?

Next month , salary might be 3 lakhs.

Per year, salary will be 36lakhs .

Thanks everyone :)

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5 Replies

prasad Nilugal (3914 Points)
Replied 25 May 2021

You calculate approximate Income tax on 36 lac , and then divide that Tax by 12(months)
whatever amount same will be TDS for every month , if Excess paid you will get refund after of filling return and assessment .

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Sravan Reddy G (CA) (618 Points)
Replied 25 May 2021

If you treat director as professional then straightforward 7.5% on every time payment

if you employed him as employee then calculate according to 192B

Sivaramaraju G (Learner) (2398 Points)
Replied 25 May 2021

It will be calculated as per applicable slab rates.

If total salary payable in a year is 36L

and this month you pay salary 10K you have to deduct 2,535

if you pay salary 3L TDS will be 76,050

Note: TDS has been calculated as per old tax regime.

if we go with new tax regime your TDS will be

for 10K - 2,318

for 3L - 69,540

prasad Nilugal (3914 Points)
Replied 25 May 2021

After calculation of TDS per month , you can calculate TDS proportionally to salary .

veerendar singh (tax consultant) (3301 Points)
Replied 25 May 2021

Firstly you have to draft a estimated total income computation of the director. you have to consider other sources of income and investments.
then calculate tax on net income.