Tds on insurance commission

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Querist : Anonymous (Querist)
24 July 2013 How much is limit of deducting TDS on insurance commission to agent. Is it aggregate of INR 20,000/- in year or one time payment of INR 20,000/?? Pls clarify

24 July 2013 Rs 20000/- is Annual limit i.e., Aggregate during the Financial Year.

24 July 2013 Whenever the limit of Rs.20000 crosses you are supposed to deduct tds whehther it crosses in a month or in a year......


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