Commission income from Bank/ NBFC


This query is : Resolved 

Quick Summary
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).

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

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

20 September 2025 Good Luck..


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