19 September 2014
Hi ! My client is life insurer. It pays commission and bonus to insurance agent. During the year it has paid to an agnet Rs.6000 as commission and Rs.18000 as bonus. It deducted TDS on bonus part however did not deduct TDS on commission part. Reason being slab for TDS deduction in commission is Rs.20000 p.a. My query is whether we should consider total amount including bonus for deducting TDS on commission or we should only consider the commission amount?