Archive | Insurance commission agent

No TDS on insurance commission if total income is not taxable

Budget 2017 came as a great relief for Insurance Agents, in case their taxable income is less than Rs2.5 Lakhs. This is because now TDS will not be deducted from their insurance commission income. This amendment will be effective from 1st June, 2017. To avail this benefit, Agent is required to furnish Form 15G and […]

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