24 August 2015
I am LIC agent and my commission income in FY 2014-15 was Rs. 191074/- ,tax was deducted as Rs.19107. Now , I am filling ITR4 and want to know how much expense I can show.
24 August 2015
your income less than taxable limit Rs.2.50 Lakhs , you can declare entire commission as your income. You will get full refund.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 August 2015
Thank you for the revert Sir. I have salary income also which is more than 5 Lakh.Thats why I just want to know how to calculate expense for LIC commission.