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How much TDS will be deducted in case of payment of Remuneration to company's director?

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Haritha Haritha
Answered on January 02,2020

Sec 194J levies TDS on technical and professional services. As per the provisions of the Companies Act, the director of the company is also a manager and thus, technical personnel. As per Section 194J(1)(ba), any payment made to the director in the nature of sitting fees, remuneration or any other sum other than those on which tax-deductible under section 192 is to be considered for deduction of tax at source @ 10% under section 194J. Further, there is no threshold limit for deduction of tax at source.

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