Director Fees

Directors often take fee for attending Board of director’s meeting. This is considered as part of the salary in income tax laws of various countries. The rate is charged @ 20 {1bb28fb76c3d282be6cfd0391ccf1d9529baae691cd895e2d45215811b51644c} of the directorship fee, which is adjustable against normal tax liability.

If the director is not a working employee or director of the company, still the said amount shall be treated as salary income.

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