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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 / 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



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