DIRECTORS UNDER PAYE SCHEME: CRACKING THE PUZZLE

There has been a long running argument on the filing of Directors under the self assessment scheme. Directors are captured under the PAYE (Pay As You Earn) scheme as part of the organization in which they function. Therefore, when a company files its Employers’ Annual Personal Income Tax (Pay As You Earn – PAYE) Returns, the directors are included. However, Directors are considered as High Networth Individuals (HNI) and can still be assessed if they earn income from other sources other than the employment income.

Read More