Easy Office
LCI Learning

How to compute income of insurance agent

This query is : Resolved 

31 January 2014 dear sir,
plz make me understand that if any insurance agent is earning commission from insurance company.
then in what amount will be income of that person
e.g: suppose one person got 450000 commision after TDS then in 450000+50000(TDS). how much amount will be called income
total 500000 or there is any rebate??

31 January 2014 Rs 500000. Deduction of expenses like conveyance, telephone etc. incurred to earn such income is allowed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query