Board note, directors' remuneration and dividend for the year
Pay a shareholder-director a salary, not a dividend, on ₹1,00,00,000 of company profit the salary route costs ₹29,25,780 and the dividend route costs ₹46,04,554, and never let him take a loan instead, because s.2(22)(e) taxes it like a dividend and gives the company no deduction at all.
- 3 pages
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- 13 September 2026
What it covers
- 1Board note, directors' remuneration and dividend for the yearfor the agenda papers of the Board
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Note to the Board of Directors
[Name of the company] | CIN [Company's CIN]
Board meeting to be held on [Date of the Board meeting] | Agenda item [Agenda item number]
Subject: Remuneration to the working directors and declaration of dividend for the financial year [____-__] — tax considerations
1. Purpose of this note