i m agent of reliance life insurance i have sold one
traditional product of premium size 10,000/- rs and
comission rate is 18% what will be net comission will be
recd by me after deducting service tax and tds ?
Answers were Sorted based on User's Feedback
Answer / anchit saxena
u r not laible to pay service tax on commission only liable
to pay tds @ 10% if u r getting commission amount exces
rs.20,000 ok. i learnt your question bt not getting a clear
picture so i can't solve your question ok.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / bhakti
what about service tax the concerned person has deducted
only tds ?
10000/ @ 18% = 1800
less service tax - 105
less tds - 170
net com = 1525
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / dhokchaule kishor
You are not liable to pay service tax u r only liable to pay
TDS on your commission @10% only when your annual commissin
earning cross exemption limit of Rs.20000/-
Regards,
Kishor Dhokchaule
Finance Executive
Prabhat Group of Industries,
Nirmalnagar- 413720
+919822508968
Kishordhokchaule@gmail.com
| Is This Answer Correct ? | 3 Yes | 2 No |
Why Service tax dedut on insurance Commission; & Which rate?
| Is This Answer Correct ? | 3 Yes | 3 No |
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