Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


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



i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- ..

Answer / s kiran

If Premium Rs-10000

Commission @18% = 1800

TDS on Insurance Commission U/s 194 D is 10%

So, TDS amount will 180.

Net Commission in Hand = 1800 - 180 = 1620

Is This Answer Correct ?    14 Yes 8 No

i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- ..

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

i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- ..

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

i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- ..

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

i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- ..

Answer / deepak garg

Why Service tax dedut on insurance Commission; & Which rate?

Is This Answer Correct ?    3 Yes 3 No

i m agent of reliance life insurance i have sold one traditional product of premium size 10,000/- ..

Answer / rajan t.

I am agree for 2nd answer for Service Tax deduction.

Is This Answer Correct ?    3 Yes 3 No

Post New Answer

More Taxation Interview Questions

what is excise duty? what is excise duty percentage on sales?

3 Answers  


How to show reject material in ER1

0 Answers  


i want to know about C , F, H Form & when i issue this from , what r the condition to issue this form ?

36 Answers   B Jadav Co Pvt Ltd, DFD, Ernst Young, Focus, Krisha Trading, Saraiwwalaa Agrr Refineries, Watertech,


waht is present tds rates

4 Answers   BirlaSoft,


I want PTR Number and I am working professionaly related documents i have but officer asked me to bring any business commencement proof. here,I have no business? so what proof i will give to him.

0 Answers  


When excise duties differs from 8.24% to 14.24%? Why excise gate pass is required during dispatch of vehicle?

1 Answers  


What is business?

8 Answers   TCS,


What is Form-I, FORM-F, FORM-H, FORM-E and FORM-C?

2 Answers   PMT Machines,


which is the Due date of Challan & return filing dates of VAT,PF,PT,ESI,TDS,Service TAx and IT in Uttarakhand.

4 Answers   Sara Eminent,


While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers  


IF 7th is Sunday, can we pay the TDS on 8th?

6 Answers  


what is the income tax rates of domestic and forgin companies

1 Answers  


Categories