Max Salary/Remuneration in case of Partnership

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Max Salary or Remuneration Allowed in Case of Partnership Non Working Partners Not Allowed Working Partners Profit Salary Upto 300000 90% of Profit (Min 150000) More than 300000 60% of Profit Exceeding 300000 +2700000 Profit Maximum Salary Upto 300000 90% of Profit (Min 150000) More than 300000 60% of Profit Exceeding 300000 +2700000 Book Profit Maximum Salary 200000 200000 × 90% = 180000 150000 Higher is 180000 300000 300000 × 90% = 270000 Higher is 270000 Profit Maximum Salary Upto 300000 90% of Profit (Min 150000) More than 300000 60% of Profit Exceeding 300000 +2700000 Book Profit Maximum Salary 100000 100000 × 90% −60000 −60000 × 90% 150000 150000 Higher is 150000 Profit Maximum Salary Upto 300000 90% of Profit (Min 150000) 60% of Profit Exceeding 300000 +2700000 Maximum Salary 400000 300000 × 90% = 270000 Higher is 270000 150000 = 150000 100000 × 60% = 60000 1000000 300000 × 90% 700000 × 60% = 270000 = 150000 = 420000 Higher is 270000 +420000 690000