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Salary to director

Sushil Kumar Mohanty (Accountant) (137 Points)

15 April 2012

IF ONE DIRECTOR RECEIVE SALARY FROM 3 PVT LTD COMAPNIES 1. Rs. 49000/- , 2. 210000/- & 3. 210000/- & WHAT IS THE TDS PROVICION OF THE ABOVE SALARY U/S 192B

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4 Replies

Devendra (Chartered Accountant) (4775 Points)
Replied 15 April 2012

TDS from the 2nd and 3rd Company should be deducted of Rs. 6180 [Company 2 Rs. 3090 + Company 3 Rs. 3090]. There is no need to deduct TDS on salary received from Company 1.

TDS by Company 2 Rs. 257.5 per month should be deducted ie Rs. 3090 per annum

TDS by Company 3 257.5 per month should be deducted ie Rs. 3090 per annum.

Note :

If the above Director's remuneration is for A.Y 2012 - 13, then TDS is to be deducted u/s 192B.

But if it pertains to A.Y 2013 - 14, then TDS is to be deducted u/s 194J @ 10%.

Regards,

Devendra Kulkarni

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Pankaj Arora (Learner) (3134 Points)
Replied 15 April 2012

dear devendra pls read carefully in amenmendts there is mentioned that except salary whatever gives to director than u have to deduct TDS on that portion U/s 194J.