Commission income from Bank/ NBFC

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If you've earned commission income from a Bank or NBFC, you can claim deductions for actual business expenses incurred. These can include costs such as telephone, internet, office rent, and staff salaries, which may amount to roughly 50% of your income. This allows you to reduce your taxable income when filing your Income Tax Return (ITR).

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(Querist)
07 September 2025 I have received commission of 32 lakh in financial year. How much deduction can I claim in filing ITR
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 September 2025 Actual expenses like telephone, internet, rent for office, staff salaries, conveyance etc comes to about 50% or so.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
20 September 2025 Good Luck..
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