WebApr 20, 2024 · Suppose a company, ABC ltd., is paying its executive director Rs. 50,000 per month as a fixed salary and Rs. 25,000 per year as sitting fees for the board of directors … WebApr 13, 2024 · Deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961. Circular No. 04 of 2024 issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, clarifies the procedure for deducting tax at source (TDS) under section 192 read with sub-section (1A) of section …
TDS Director Salaries Glassdoor
WebJun 28, 2024 · Under Income Tax Act, 1961, any remuneration paid to directors is subjected to TDS under section 192 of the Act. Section-192 deals with deduction of TDS where the payment is made in the form of “Salary”. Thus, for the purpose of Income Tax Act, Remuneration paid by the company to directors is shown under the head “Income from … WebEmployer's obligations. Withhold tax at 24% (22% for income due and payable from 1 Jan 2016 to 31 Dec 2024) of director's remuneration; e-File via myTax Portal and pay the … porch moving company
Tds on salary to director - Income Tax TDS - CAclubindia
WebJul 26, 2024 · 1) HC: Commission to director forming part of salary not disallowable u/s 36(1)(ii) - HC holds that the commission paid to the Managing Director of the Assessee … WebMar 19, 2024 · Director’s fees are fees to be paid to a director in their capacity as company director, for the directorial services they perform for the company. Generally, directors do not have any right to be remunerated for the directorial services they perform for the … WebPayment to non-resident company directors are subjected to 22% withholding tax. This applies to all forms of income (salary, bonus, director’s fees, accommodation, gains from … porch moving division