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 ?
Answer Posted / 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 |
Post New Answer View All Answers
what about WCT (Work Contract Tax)
what is excise return, what is form requirement and what is procedure for excise return?
How to calculate long term capital gain
what is excise
what is procedure of calculation of TDS by bank?
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
What are the types of provident funds?
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?
Tell about dvat and dvat rate