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LIC agent commission

21 December 2020

A lic agent got 490000 commission in this financial year. Rs 6100 tds has been deducted. If he files ITR3 , will he get back his money ? or he has to give tax ?

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6 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 21 December 2020

Others data needed to say if he is taxable or get refund sir
like his deduction and all

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JATINDER KUMAR (Accountant) (3662 Points)
Replied 21 December 2020

As per your data

No tax payable, you can file ITR 3 and claim TDS amount

Sivaramaraju G (Learner) (2398 Points)
Replied 22 December 2020

As income is below 5 Lacs as per your information, you will definitely be get refunded.

ajmer alam (19 Points)
Replied 22 December 2020

As per given info. u may claim refund of tds.,

Krishna Chaudhary (Accountant) (4531 Points)
Replied 09 January 2021

You will get full refund

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 23 January 2021

You will claim whole refund by filing ITR 3

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