Form 15G

• TDS on Insurance Commission – TDS is deducted on insurance commission if it exceeds Rs 15000 per financial year. But with effect from 01.06.2017 insurance agents  can submit Form 15G/form 15H  for non deduction of TDS if tax on their total income is nil.

Dear it is ".... tax on total income is Nil"........ i.e. if there is no tax liability for previous year....