TDS Rates on Insurance Commission is 10% on the value of the contract. Thus if the the sum of money is paid in persuance to a Insurance commission contract then TDS Rate for deducted shall be 10%. It is to be noted that the minimum on which no TDS needs to be deducted is Rs 20000. For any payment more than that TDS needs to be deducted.
Monday, August 27, 2012
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