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of <h1>Service Tax on Non-Whole Time Directors' fees may exceed limits under Companies Act 1956, no approval needed for 2012-13.</h1> The Finance Act, 2012 mandates Service Tax on services not in the exempted list, affecting Non-Whole Time Directors of companies. Their commission or sitting fee is subject to this tax, potentially increasing their remuneration beyond the permissible limits under section 309(4) of the Companies Act, 1956. If such tax increases their remuneration beyond 1% or 3% of company profits, depending on the presence of Managing/Whole Time Directors, prior Central Government approval is typically required. However, for the financial year 2012-13, such increases due solely to Service Tax will not need Central Government approval.
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